United States Of America : Limited Brands Q1 FY'13 revenues rise 5%

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Limited Brands Q1 FY'13 revenues rise 5%

23
May '13

Limited Brands, Inc. reported 2013 first quarter results.

First Quarter Results

Earnings per share for the first quarter ended May 4, 2013, increased 17% to $0.48 compared to $0.41 for the quarter ended April 28, 2012. First quarter operating income was $311.2 million compared to $293.2 million last year, and net income was $142.5 million compared to $124.6 million last year.

The company reported net sales of $2.268 billion for the 13 weeks ended May 4, 2013, an increase of 5 percent compared to sales of $2.154 billion for the 13 weeks ended April 28, 2012. The company reported a comparable store sales increase of 3 percent for the 13 weeks ended May 4, 2013, compared to the 13 weeks ended May 5, 2012.

2013 Outlook

The company stated that it expects 2013 second quarter earnings per share to be $0.50 to $0.55 compared to adjusted earnings per share of $0.50 per share last year.

For 2013, the company expects earnings per share of $2.95 to $3.15.

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 2,616 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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