×
65 375
Fashion Jobs
NORDSTROM
Senior Manager Merch Financial Planning-2- Hybrid
Permanent · Seattle
NORDSTROM
Retail Stock - The Parke Rack
Permanent · Cedar Park
NORDSTROM
Retail Stock - Kildeer Village Square Rack
Permanent · Kildeer
ROSS
Store Protection Specialist
Permanent · Montebello
ROSS
Store Protection Specialist
Permanent · Matthews
ROSS
Store Protection Specialist
Permanent · Rancho Cordova
BLOOMINGDALE'S
Planner - Mens/Young World (Outlets)
Permanent · New York
SACK OFF 5TH
Asset Protection Investigator
Permanent · ESTERO
NORDSTROM
Asset Protection - Agent - Grand Plaza Rack
Permanent · San Marcos
NORDSTROM
Asset Protection - Security Ambassador - Marina Pacifica Rack
Permanent · Long Beach
NORDSTROM
Asset Protection - Agent - The Mall at Green Hills
Permanent · Nashville
MAJE
ft Sales Leader, San Diego, ca
Permanent · FREMONT
SANDRO
pt Keyholder, Toronto, Ontario
Permanent · TORONTO
SANDRO
Part Time Keyholder, New York, ny
Permanent · NEW YORK
MAJE
Part Time Keyholder, New York, ny
Permanent · NEW YORK
MAJE
Part Time Keyholder, Beverly Hills, California
Permanent · BEVERLY HILLS
SANDRO/MAJE
Manager, Total Rewards & HR Analytics
Permanent · NEW YORK
MAJE
pt Keyholder, San Diego, ca
Permanent · SAN DIEGO
SANDRO/MAJE
pt Keyholder, Santa Clara, ca
Permanent · SANTA CLARA
SANDRO
General Manager, Halton Hills, Ontario
Permanent · HALTON HILLS
SANDRO/MAJE
Brand Manager, San Francisco, California
Permanent · SAN FRANCISCO
SANDRO/MAJE
Accounts Payable Coordinator, New York, New York
Permanent · NEW YORK
By
Reuters
Published
Aug 20, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Limited Brands beats estimates, shares rise

By
Reuters
Published
Aug 20, 2009

SAN FRANCISCO (Reuters) - Limited Brands Inc (LTD.N) posted a better-than-expected quarterly profit on Wednesday 19 August, sending shares of the operator of the Victoria's Secret and Bath & Body Works chains up nearly 3 percent.


All new body by Victoria® demi wireless, unlined full coverage, and full coverage bras - Photo: Victoria's Secret

Net income for the retailer's second quarter fell 27 percent to $74.3 million, or 23 cents per share, from $102.0 million, or 30 cents per share, a year earlier.

Excluding items, earnings were 19 cents in the quarter, above the 16 cents per share expected on average by analysts, according to Reuters Estimates.

The company in May said it expected a range between 11 cents to 16 cents per share.

Revenue fell 9.5 percent to $2.07 billion, the company said, with a 9 percent decline in same-store sales, which measure sales at stores open at least a year.

Results from the Columbus, Ohio-based company -- which also operates posh department store Henri Bendel and the La Senza, C.O. Bigelow and the White Barn Candle Co chains -- have been pressured by lower mall traffic and weak consumer spending.

But the company has been cutting costs, reducing inventory and its capital expenditures budget in order to streamline the organization, which includes over 3,000 stores.

Looking to the third-quarter, Limited said it expects a loss per share of 7 cents to 12 cents.

For the full year, the company expects adjusted earnings to range between 75 cents and 90 cents per share. It was not clear what items were excluded in that forecast.

An earlier outlook called for fiscal 2009 earnings per share to range between 67 cents and 87 cents per share.

Shares of Limited Brands rose as much as 2.9 percent to $15 in after-hours trade after closing on the New York Stock Exchange up 4.4 percent to $14.58.

(Reporting by Alexandria Sage; Editing by Tim Dobbyn)

┬ę Thomson Reuters 2023 All rights reserved.