Limited April Sales Top Street View, Raises Low-End of 1Q Outlook
03 May 2012 - 10:11PM
Dow Jones News
Limited Brands Inc. (LTD) reported same-store sales for April
that topped analyst expectations as the retailer also lifted the
low-end of its first-quarter earnings guidance.
Limited--the parent of Victoria's Secret and Bath & Body
Works--commands a dominant position in the intimate-apparel and
beauty and personal-care segments, which has helped it post surging
same-store sales and improved margins.
The company reported same-store sales increased 6% in April,
above the 4% increase projected by analysts polled by Thomson
Reuters.
Limited also raised the low-end of its first-quarter guidance by
3 cents and now expects a first-quarter profit between 38 cents to
40 cents a share.
Shares closed at $50.43 Wednesday and were mostly inactive
premarket. The stock is up 25% so far this year.
-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;
nathalie.tadena@dowjones.com
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