Limited raises outlook on 2Q earnings growth
COLUMBUS, Ohio — Limited Brands reported that adjusted earnings per share for the second quarter were 50 cents compared with 48 cents for the same period last year. Adjusted net income was $147.2 million compared with $150.7 million last year.
Comparable-store sales for the second quarter increased 8%, and net sales were $2.4 billion compared with $2.46 billion last year.
The company stated that it expects 2012 third quarter adjusted earnings per share to be 15 cents to 20 cents compared with adjusted earnings per share of 25 cents per share last year.
For 2012, the company expects earnings per share of $2.73 to $2.88 versus its previous guidance of $2.63 to $2.83.