(Filed Under Financial and General Interest News). For Limited Brand’s fourth quarter ended January 31, 2009, they recorded a net income of $16.1 million compared with $388.6 million during the same period last year, an approximate drop of 95 percent.

Adjusted earnings per share were 68 cents compared to 94 cents last year, and the adjusted operating income was $390.7 million compared to $573.6 million last year. Comparable store sales decreased by 10 percent, and net sales were $2.991 billion compared with $3.228 billion during the fourth quarter period last year.

The company also reported a pre-tax charge of $22.6 million, or 4 cents per share, in severance for not-yet-completed reductions in staff in their home office of 400 workers or 10 percent of the office’s workforce.

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Published 03-04-2009 by Amanda Torres Price