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L Brands Bucks Retail Trend, Posts 5% Sales Growth

L Brands, the parent company of Victoria's Secret and Bath & Body Works, raised its view for the year.

L Brands Inc. lifted its view for the year as revenue topped expectations, a bright spot in a retail industry grappling with falling foot traffic and growing competition.

The Ohio-based owner of Victoria’s Secret and Bath & Body Works, in addition to its namesake banner, said total sales rose 5% in its June quarter. A 3% rise in existing-store sales was behind the increase, thanks to an improvement in Victoria Secret sales and continued strength in the bath and body business.

Shares climbed 3.3% in after-hours trading. Through Wednesday’s close, the stock has fallen 23% this year.

The same-store sales gain, which matched analysts’ expectations and the previous quarter’s clip, was down from...