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L Brands, Inc. (LB) SEC Filing 10-K Annual report for the fiscal year ending Saturday, January 31, 2015

L Brands, Inc.

CIK: 701985 Ticker: LB


Exhibit 99.1


L BRANDS REPORTS RECORD FOURTH QUARTER SALES

- INCREASES REGULAR DIVIDEND BY 47% -

- DECLARES $2.00 SPECIAL DIVIDEND -

- AUTHORIZES NEW $250 MILLION SHARE REPURCHASE PROGRAM -

- RAISES FOURTH QUARTER EARNINGS GUIDANCE -

Columbus, Ohio (Feb. 5, 2015)
- L Brands, Inc. (NYSE: LB) reported net sales of $783.1 million for the four-week period ended Jan. 31, 2015, an increase of 7% compared to sales of $731.2 million for the four-week period ended Feb. 1, 2014. Comparable store sales for the four weeks ended Jan. 31, 2015, increased 7%.

Net sales for the fourth quarter ended Jan. 31, 2015, were $4.069 billion, an increase of 7% compared to $3.818 billion for the quarter ended Feb. 1, 2014. Comparable store sales for the fourth quarter ended Jan. 31, 2015, increased 6%.

Net sales were $11.454 billion for the year ended Jan. 31, 2015, an increase of 6% compared to $10.773 billion for the year ended Feb. 1, 2014. Comparable stores sales for the year ended Jan. 31, 2015, increased 4%.

The company expects to report fourth quarter earnings per share between $1.78 and $1.80, above its previous guidance of $1.61 to $1.71. The company will report fourth quarter results and provide 2015 earnings guidance on its earnings call, which will be held on Feb. 26 at 9 a.m. Eastern.

Dividends and Share Repurchase
The company is increasing its annual ordinary dividend by 47%, to $2.00 per share from $1.36 per share. In addition, the company announced a special dividend of $2.00 per share. The quarterly ordinary dividend of $0.50 per share and the $2.00 special dividend will be paid on March 6, 2015, to shareholders of record on Feb. 20, 2015. This is the company’s 161st consecutive quarterly dividend.

Additionally, the company has authorized a new $250 million share repurchase program, which includes the remaining $91 million outstanding under the previous program. The company repurchased $84 million of stock in 2014. Repurchases will be made at the times, in the amounts and in the manner that the company believes appropriate.

Leslie H. Wexner, Chairman and CEO, commented, “I am very proud and appreciative of the team’s focus and the disciplined execution in our business, which drove record performance in 2014. The dividend and

VICTORIA'S SECRET / BATH & BODY WORKS / PINK / LA SENZA / HENRI BENDEL
Three Limited Parkway Columbus, OH 43230 www.LB.com


The following information was filed by L Brands, Inc. (LB) on Monday, February 9, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Consoldiated Statements Of Comprehensive Income
Consolidated Balance Sheets
Consolidated Balance Sheets Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Income
Consolidated Statements Of Total Equity (deficit)
Accrued Expenses And Other
Accrued Expenses And Other (details)
Accrued Expenses And Other (tables)
Commitments And Contingencies
Commitments And Contingencies (details)
Comprehensive Income (loss)
Comprehensive Income (loss) (detail)
Comprehensive Income (loss) (tables)
Comprehensive Income Reclassification Out Of Accumulated Other Comprehensive Income (details)
Derivative Instruments
Derivative Instruments (tables)
Derivative Instruments Derivative Instruments (foreign Exchange Contracts - Cash Flow Hedging Disclosure) (details)
Derivative Instruments Derivative Instruments (interest Rate Contracts - Fair Value Hedging Disclosure) (details)
Derivative Instruments Fair Value Derivatives, Balance Sheet Location, By Derivative Contract Type (details)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (depreciable Life Range Of Property Plant And Equipment) (details)
Description Of Business And Summary Of Significant Accounting Policies (narrative) (details)
Description Of Business And Summary Of Significant Accounting Policies (policies)
Description Of Business And Summary Of Significant Accounting Policies (tables)
Earnings Per Share
Earnings Per Share (shares Utilized For The Calculation Of Basic And Diluted Earnings Per Share) (details)
Earnings Per Share (tables)
Equity Investments And Other
Equity Investments And Other (details)
Fair Value Measurements
Fair Value Measurements (carrying Value And Fair Value Of Long Term Debt) (detail)
Fair Value Measurements (fair Value, Assets And Liabilities Measured On Recurring Basis) (details)
Fair Value Measurements (fair Value, Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation) (details)
Fair Value Measurements (tables)
Goodwill, Trade Names And Other Intangible Assets, Net
Goodwill, Trade Names And Other Intangible Assets, Net (narrative) (details)
Goodwill, Trade Names And Other Intangible Assets, Net (schedule Of Goodwill) (details)
Goodwill, Trade Names And Other Intangible Assets, Net (tables)
Goodwill, Trade Names And Other Intangible Assets, Net Goodwill, Trade Names And Other Intangible Assets, Net (intangible Assets - Indefinite Lives) (details)
Income Taxes
Income Taxes (activity Related To Its Unrecognized Tax Benefits) (details)
Income Taxes (effect Of Temporary Differences That Cause Deferred Income Taxes) (details)
Income Taxes (narrative) (details)
Income Taxes (provision For Income Taxes) (details)
Income Taxes (reconciliation Of The Statutory Federal Income Tax Rate And The Effective Tax Rate) (details)
Income Taxes (tables)
Inventories
Inventories (details)
Inventories (tables)
Leases
Leases (leases Rent Expenses) (details)
Leases (minimum Rent Commitments Operating Leases) (details)
Leases (tables)
Long-term Debt
Long-term Debt (narrative) (details)
Long-term Debt (schedule Of Long-term Debt Instruments) (details)
Long-term Debt (schedule Of Principal Payments On Long-term Debt) (details)
Long-term Debt (tables)
Long-term Debt Long-term Debt (revolving Facility And Letters Of Credit (narrative) (details)
New Accounting Pronouncements (notes)
Property And Equipment, Net
Property And Equipment, Net (details Of Property And Equipment, Net) (details)
Property And Equipment, Net (narrative) (details)
Property And Equipment, Net (tables)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (details)
Quarterly Financial Data (unaudited) (narrative) (details)
Quarterly Financial Data (unaudited) (tables)
Restructuring Activities (details)
Restructuring Activities (notes)
Retirement Benefits
Retirement Benefits (details)
Retirement Benefits (tables)
Segment Information
Segment Information (additional Information) (details)
Segment Information (details)
Segment Information (tables)
Share-based Compensation
Share-based Compensation (narrative) (details)
Share-based Compensation (restricted Stock Activity) (details)
Share-based Compensation (share-based Compensation Expense) (details)
Share-based Compensation (stock Option Activity) (details)
Share-based Compensation (tables)
Share-based Compensation (weighted-average Assumptions) (details)
Shareholders' Equity (deficit) (narrative) (details)
Shareholders' Equity (deficit)
Shareholders' Equity (deficit) (dividends Paid) (details)
Shareholders' Equity (deficit) (schedule Of Company's Repurchase Program) (details)
Shareholders' Equity (deficit) (tables)
Subsequent Events
Subsequent Events (details)
Supplemental Guarantor Financial Information
Supplemental Guarantor Financial Information (condensed Consolidating Balance Sheet) (details)
Supplemental Guarantor Financial Information (condensed Consolidating Statement Of Cash Flows) (details)
Supplemental Guarantor Financial Information (condensed Consolidating Statements Of Income) (details)
Supplemental Guarantor Financial Information (narrative) (details)
Supplemental Guarantor Financial Information Supplemental Guarantor Financial Information (tables)
Ticker: LB
CIK: 701985
Form Type: 10-K Annual Report
Accession Number: 0000701985-15-000006
Submitted to the SEC: Fri Mar 20 2015 4:13:26 PM EST
Accepted by the SEC: Fri Mar 20 2015
Period: Saturday, January 31, 2015
Industry: Retail Womens Clothing Stores

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