 L Brands Inc. shares fell 1 in the extended session Wednesday after the retailer reported a wider-than-expected loss in the first quarter and said it remained committed to spinning off its Bath Body Works business. L Brands said it lost 297 million, or 1.07 a share, in the quarter, versus earnings of 40.3 million, or 14 cents a share, in the year-ago period. Adjusted for one-time items, L Brands lost 99 cents a share, versus earnings of 14 cents a share a year ago. Sales fell to 1.7 billion from 2.6 billion a year ago. Analysts polled by FactSet had expected the company to report an adjusted loss of 67 cents a share on sales of 1.8 billion. Nearly all of the companys stores have been closed since March 17 due to the pandemic, the retailer said. The company said it remained on track to establish Bath Body Works as a pure-play public company and that it was taking the necessary steps to prepare its Victorias Secret lingerie, Victorias Secret beauty, and Pink businesses to operate as a standalone company. A deal with a private-equity firm fell through earlier this month amid the economic downturn caused by the coronavrius pandemic. L Brands did not provide guidance, pining that lack onto the high level of uncertainty. Shares of L Brands had ended the regular trading day down 2.3. 