L Brands reports wider Q1 loss, sales decline

L Brands, Inc. reported net sales of 1.654 billion dollars for the first quarter ended May 2, 2020 compared to 2.629 billion dollars for the quarter ended May 4, 2019. The company said in a statement that loss per share was 1.07 dollars compared to earnings per share of 14 cents for the same quarter last year, while operating loss was 317.7 million dollars compared to operating income of 153.3 million dollars last year, and net loss was 296.9 million dollars compared to net income of 40.3 million dollars last year.