Limited Brands comparable store sales decline

11 Jan '08

1 min read

Limited Brands Inc reported comparable store sales for the five weeks ended Jan. 5, 2008, decreased 8 percent compared to the five weeks ended Jan. 6, 2007.

The company reported net sales of $1.744 billion for the five weeks ended Jan. 5, 2008, compared to sales of $2.027 billion for the five weeks ended Dec. 30, 2006.

The company reported a comparable store sales decline of 2 percent for the 48 weeks ended Jan. 5, 2008. Net sales were $9.461 billion compared to net sales of $9.611 billion last year.

Although there is still a month left in the fourth quarter, as a result of the 8 percent decline in comparable store sales quarter-to-date versus its previous expectation of a low single digit decline, the Company now expects to report fourth quarter earnings per share at the low-to-mid point of its previously announced range of $0.90 to $1.05.

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 Aug. 3, 2007, the closing date of the transfer of a majority interest to affiliates of Sun Capital Partners.

Limited Brands Inc

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