Home / Knowledge / News / Apparel/Garments / Lingerie, beauty & 'PINK' brand propel Limited Brands

Lingerie, beauty & 'PINK' brand propel Limited Brands

May '06
Limited Brands reported 2006 first quarter results.

Earnings per share increased 56 percent to $0.25 for the first quarter compared to $0.16 (before cumulative effect of accounting change of $0.04) last year.

Operating income was $185.9 million compared to $118.5 million last year, and net income before cumulative effect of accounting changes was $98.7 million compared to $66.4 million last year.

Comparable store sales for the quarter ended April 29, 2006 increased 5 percent and net sales were $2.077 billion compared to $1.975 billion last year.

Leslie H. Wexner, Chairman and CEO, stated "We are very pleased with our first quarter performance. We delivered earnings that were $0.09 per share above our initial guidance, driven by better than expected performance across all of our segments."

"In particular, Victoria's Secret, which accounted for over half of the Company's total first quarter sales, achieved outstanding results across all channels, including lingerie, beauty, direct and the new brand PINK."

"Total Victoria's Secret sales increased 10 percent and operating income increased 21 percent. Express comps increased 4 percent and the brand delivered substantially improved merchandise margins and operating income."

The Company stated that it expects second quarter earnings per share to be between $0.22 and $0.24 versus $0.20 last year. The second quarter projection includes an estimated charge of $0.01 per share for the recognition of stock option expense under Statement of Financial Accounting Standards No. 123R, which the Company adopted in the first quarter of 2006.

Must ReadView All

Pic: Shutterstock

Textiles | On 26th Feb 2020

Bangla Tariff Commission fears grave impact on China trade

The impact of the coronavirus outbreak on Bangladesh-China trade is...

Pic: Shutterstock

Textiles | On 26th Feb 2020

UK risks losing up to 14% of exports to EU if no deal: UN

Non-tariff measures could cause major fractures in post-exit UK-EU...

Pic: Shutterstock

Textiles | On 26th Feb 2020

Turkey's textile industry employs 1.67 mn: minister

Turkey's textile and garment industry currently employs around 1.67...

Interviews View All

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Rajiv Sirohi, Shara

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Uhan Soebiantoro,

Uhan Soebiantoro

Luckytex is an integrated textile manufacturing company founded by...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Varsha Wadhwa, VW

Varsha Wadhwa

Coming from a family that ran a business of jute and linen mills since...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search