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In 4Q15, total sales in $LB's Victoria's Secret segment increased 9% to $2.6Bil and comps increased 5%. Operating income grew 17% to $593.6MM and operating income rate increased 150BP to 22.7%. In Bath & Body Works, total sales were $1.5Bil, up 8% to last year. Comps increased 6% and direct channel sales grew by 24%.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.