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Limited Brands posts slight hike in FY'13 sales
07
Feb '13
Limited Brands, Inc. reported comparable store sales for the five weeks ended Feb. 2, 2013 increased 9% compared to the five weeks ended Feb. 4, 2012. The Company reported net sales of $986.4 million for the five-week period ended Feb. 2, 2013 compared to sales of $774.5 million for the four-week period ended Jan. 28, 2012.  The fifth week in January 2013 represented approximately $125 million in sales.

Comparable store sales for the 14 week fourth quarter ended Feb. 2, 2013 increased 5% compared to the 14 weeks ended Feb. 4, 2012.  Net sales were $3.856 billion for the 14 week fourth quarter ended Feb. 2, 2013 compared to $3.515 billion for the 13 weeks ended Jan. 28, 2012.

The Company reported a comparable stores sales increase of 6% for the 53 week year ended Feb. 2, 2013, compared to the 53 weeks ended Feb. 4, 2012. Net sales were $10.459 billion for the 53 week year ended Feb. 2, 2013 compared to $10.364 billion for the 52 weeks ended Jan. 28, 2012.

Fourth quarter 2011 and 2011 full year sales included $13.1 million and $702.4 million attributable to the third party apparel sourcing business, which was sold in November 2011.

The Company is comfortable with the current street consensus estimate for 2012 fourth quarter adjusted earnings per share of $1.73.

ABOUT LIMITED BRANDS:

Limited Brands, through Victoria's Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, is an international company.  The company operates 2,619 specialty stores in the United States and its brands are sold in more than 700 company-operated and franchised additional locations world-wide. 

Limited Brands

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