Limited Brands cuts same-store sales forecast

27 Oct '09

1 min read

Limited Brands, Inc. raised its outlook for third quarter earnings and 2009 free cash flow, and updated its guidance for October comparable store sales. The company is making this updated information available in advance of its previously announced Investor Update Meeting on Oct. 27.

As previously reported, the company now expects third quarter earnings per share between $0.00 and a loss of $0.04, versus its previous estimate of a loss of $0.07 to $0.12. Free cash flow for the full year 2009, defined as cash flow from operations less capital expenditures, is expected to be between $500 and $600 million, versus its previous estimate of $350 to $450 million.

October comparable store sales are expected to be in the negative low-to-mid single digits, versus its previous estimate of roughly flat. The company will provide fourth quarter earnings guidance on its third quarter earnings call on Nov. 19.

Limited Brands, through Victoria's Secret, Pink, Bath & Body Works, C.O. Bigelow, La Senza, White Barn Candle Co. and Henri Bendel, presently operates 3,015 specialty stores.

Limited Brands, Inc

More Limited Brands News... More Apparel/Garments News - United States Of America...