Limited Brands reported 2006 fourth quarter and full year results.
Fourth Quarter Results:
Earnings per share for the fourteen week fourth quarter ended February 3, 2007 were $1.08 compared to $1.28 for the thirteen weeks ended January 28, 2006. Fourth quarter operating income was $726.8 million compared to $693.6 million last year, and net income was $439.8 million compared to $519.2 million last year.
The 2005 results contain certain significant items totaling $0.29 per share. These items, which are described more fully below, include:
• A $0.25 per share gain related to the favorable resolution of certain tax matters, and
• A $0.04 per share gain related to the recognition of gift card breakage.
Excluding these items, fourth quarter earnings per share were $1.08 compared to $0.98 last year; operating income was $726.8 million compared to $663.2 million last year; and net income was $439.8 million compared to $398.8 million last year.
Comparable store sales for the fourteen weeks ended February 3, 2007 increased 8% compared to the fourteen weeks ended February 4, 2006. Net sales were $4.025 billion for the fourteen weeks ended February 3, 2007 compared to $3.542 billion (including $30.4 million related to the previously mentioned gift card breakage adjustment) for the thirteen weeks ended January 28, 2006. Excluding the fourteenth week this year and the gift card breakage adjustment from last year, the sales increase fromthe comparable thirteen-week period last year was 10%.
-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)")
