Limited Brands Inc reported comparable store sales for the five weeks ended October 6, 2007 decreased 4 percent compared to the five weeks ended October 7, 2006. The company reported net sales of $713.2 million for the five weeks ended October 6, 2007, compared to sales of $781.3 million for the five weeks ended September 30, 2006.
The company reported a comparable store sales increase of 2 percent for the 35 weeks ended October 6, 2007. Net sales were $6.213 billion compared to net sales of $5.951 billion last year.
2007 net sales include Express sales through July 6, 2007, the closing date of the sale of a majority interest to affiliates of Golden Gate Capital, and Limited Stores sales through August 3, 2007, the closing date of the transfer of a majority interest to affiliates of Sun Capital Partners.
In advance of its investor update meeting next week on October 16, the Company updated its earnings guidance for the third quarter. It now expects to report third quarter earnings per share between $0.00 and $0.04 versus its previous guidance of $0.04 per share.