Nov 19 (Reuters) - L Brands Inc’s quarterly comparable sales beat analysts’ estimates on Monday, as higher sales of its Bath & Body Works fragrances and bath products helped make up for continued weak demand for its Victoria’s Secret and Pink lingerie brands.
Sales at the company’s established stores rose 4 percent in the third quarter ended Nov. 3, topping analysts’ average estimate of 1.53 percent, according to IBES data from Refinitiv.
Net sales rose to $2.77 billion from $2.62 billion a year earlier.
The company also said it has appointed John Mehas as the chief executive officer of Victoria’s Secret, replacing Jan Singer. (Reporting by Nivedita Balu in Bengaluru; Editing by Maju Samuel)