By  on August 7, 2014

Retailers' second quarters ended on a high note with July sales coming in generally better than expected.

L Brands reported a 6 percent increase in comparable-store sales for the month, with Victoria's Secret and Bath & Body Works exceeding estimates with respective comp increases of 5 and 7 percent. The company expects second-quarter earnings, set to be reported on Aug. 20, to be at the high end of its previous estimate of 57 to 62 cents a diluted share, even after the inclusion of 2 cents a share in charges to cover severance costs.

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