Bath & Body Works parent reports 63% surge in same-store sales

(Reuters) – L Brands Inc reported a 63% rise in same-store sales on Wednesday, helped by strong demand for Bath & Body Work’s sanitizers and hand creams, sending its shares up about 4% in extended trading.

Net sales came in at $2.32 billion, compared with Wall Street estimates of $2.21 billion, according to IBES data from Refinitiv.

The company reported a net loss of $49.6 million, or 18 cents per share, in the second quarter ended Aug. 1, compared with a profit of $37.6 million, or 14 cents per share, a year earlier.

(Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli)