Limited Brands reported 2006 second quarter results:
Second Quarter Results
Earnings per share increased 40 percent to $0.28 for the second quarter compared to $0.20 last year.
Operating income was $196.8 million compared to $153.3 million last year, and net income was $113.1 million compared to $81.5 million last year.
Comparable store sales for the quarter ended July 29, 2006 increased 5 percent and net sales were $2.454 billion compared to $2.291 billion last year.
Year-to-Date Results
Earnings per share for the six months ended July 29, 2006 increased 47 percent to $0.53 per share compared to $0.36 (before cumulative effect of accounting change of $0.04) last year.
Operating income was $382.7 million compared to $271.9 million last year, and net income before cumulative effect of accounting changes was $211.8 million compared to $147.9 million last year.
Comparable store sales for the six months ended July 29, 2006 increased 5 percent and net sales were $4.531 billion compared to $4.266 billion last year.
2006 Outlook
The Company stated that it expects third quarter earnings per share to be roughly flat versus last year's breakeven result.
The third quarter projection includes an estimated charge of approximately $0.02 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.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
