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current news

Mixed Results For Victoria’s Secret Parent


(Filed Under Financial and General Interest News). Victoria’s Secret parent Limited Brands reported a drop in overall earnings and sales for 2012, although it did register gains in both categories in the fourth quarter, ended February 2, 2013.

In total, Limited operates 2,619 specialty stores in the United States, more than 1000 of which are Victoria’s Secret stores, along with another 700 franchised locations around the world. Other stores and brands include Pink, Bath & Body Works, La Senza and Henri Bendel.

For the fourteen weeks ended February 2, 2013, the company reported net income of $411,396,000 on sales of $3,855,583,000, compared to net income, for the thirteen weeks ended January 28, 2013, of $359,441,000 on sales of $3,515,426,000.

For the year (the 53 weeks ended February 2, 2013), earnings dropped to $752,962,000 on sales of $10,458,651,000, compared to net income in the shorter period last year of $850,082,000 on sales of $10,363,998,000, for the 52 weeks ended January 28, 2012.

Looking ahead for 2013 the company said it expects “2013 full-year earnings per share to be between $2.92 and $3.12, including earnings per share between $0.40 and $0.45 in the first quarter. The company expects to report a February comparable store sales increase in line with its previous guidance for up low single digit comps.”


more Financial and General Interest News >>

Published 02-28-2013 by -

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