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

LandBridge (NYSE:LB)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more LandBridge Charts.
LandBridge (NYSE:LB)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more LandBridge Charts.