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Limited Brands EPS increased 22%

Staff writer ▼ | August 23, 2013
Limited Brands, now known as L Brands, reported 2013 second quarter results. EPS for the second quarter ended August 3, 2013, increased 22% to $0.61 compared to $0.50 for the quarter ended July 28, 2012.
Limited Brands
Limited BrandsLimited Brands, now known as L Brands, reported 2013 second quarter results. EPS for the second quarter ended August 3, 2013, increased 22% to $0.61 compared to $0.50 for the quarter ended July 28, 2012.


Second quarter operating income was $357.8 million compared to an adjusted $308.9 million last year, and net income was $178.9 million compared to an adjusted $147.2 million last year.

Adjusted results exclude one significant item of a pre-tax charge of $3.6 million, or $0.01 per share, related to La Senza store closures. Including that significant item, reported 2012 second quarter earnings per share were $0.49; operating income was $305.3 million; and net income was $143.6 million.

The company reported net sales of $2.516 billion for the 13 weeks ended August 3, 2013, an increase of 5 percent compared to sales of $2.399 billion for the 13 weeks ended July 28, 2012. The company reported a comparable store sales increase of 2 percent for the 13 weeks ended August 3, 2013, compared to the 13 weeks ended August 4, 2012.

The company stated that it expects 2013 third quarter earnings per share to be $0.23 to $0.28. For 2013, the company expects earnings per share of $3.06 to $3.21 versus its previous guidance of $2.95 to $3.15.


 

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