Tags: limited | victorias | earns

Limited Brands Results, Outlook Drive Shares Lower

Wednesday, 22 Feb 2012 05:12 PM

 

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Victoria's Secret parent Limited Brands Inc. posted a smaller quarterly profit and forecast a weak year ahead, sending its shares down 3.5 percent after the markets closed Wednesday.

The company, which also operates the Bath & Body Works and La Senza chains, expects to earn between $2.60-$2.80 a share, while analysts, on average, were expecting a profit of $2.91 a share, according to Thomson Reuters I/B/E/S.

Limited Brands, which has outperformed most peers in the industry this year, also expects February comparable store sales to rise in the mid to high single digit range.

For the fourth quarter ended Jan 28, the company earned $359.4 million, or $1.17 a share, compared with $452.3 million, or $1.36 a share last year.

On an adjusted basis, Limited earned $1.50 a share.

Sales rose 2 percent to $3.52 billion.

Limited Brands shares were trading down at $43.85 after the bell. They closed at $45.48 on the New York Stock Exchange.

 

© 2014 Thomson/Reuters. All rights reserved.

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