COLUMBUS, Ohio, Aug. 8, 2013 /PRNewswire/ -- Limited Brands, Inc.
(now known as L Brands, Inc.) (NYSE: LTD) reported net sales
of $678.4 million for the four weeks
ended Aug. 3, 2013, compared to net
sales of $649.8 million for the four
weeks ended July 28, 2012. The
company reported a comparable store sales increase of 3 percent for
the four weeks ended Aug. 3, 2013,
compared to the four weeks ended Aug. 4,
2012.
(Logo:
http://photos.prnewswire.com/prnh/20020520/CLM001LOGO)
The company reported net sales of $2.516
billion for the 13 weeks ended Aug.
3, 2013, an increase of 5 percent compared to sales of
$2.399 billion for the 13 weeks ended
July 28, 2012. The company
reported a comparable store sales increase of 2 percent for the 13
weeks ended Aug. 3, 2013, compared to
the 13 weeks ended Aug. 4,
2012.
The company reported net sales of $4.784
billion for the 26 weeks ended Aug.
3, 2013, an increase of 5 percent compared to sales of
$4.553 billion for the 26 weeks ended
July 28, 2012. The company
reported a comparable store sales increase of 2 percent for the 26
weeks ended Aug. 3, 2013, compared to
the 26 weeks ended Aug. 4, 2012.
The company expects to report second quarter earnings per share
of approximately $0.60 cents versus
its previous guidance of $0.50 to $0.55
cents and last year's adjusted result of $0.50.
Declaration of Regular Quarterly Dividend
The Board
of Directors has declared its regular quarterly dividend of
$0.30 per share, payable Sept. 6, 2013, to shareholders of record at the
close of business on Aug. 23,
2013. This is the company's 155th consecutive
quarterly dividend.
To hear further commentary provided on Limited Brands'
prerecorded July sales message, call 1-866-639-7583
(1-866-NEWS-LTD), or log onto www.Limitedbrands.com for an audio
replay. The company will report its second quarter earnings
results after the close of the market on Aug. 21 and will conduct its second quarter
earnings call at 9 a.m. Eastern on
Aug. 22.
ABOUT LIMITED BRANDS:
Limited Brands, through
Victoria's Secret, Pink, Bath & Body Works, La Senza and
Henri Bendel, is an international
company. The company operates 2,629 specialty stores in
the United States and its brands
are sold in more than 700 company-operated and franchised
additional locations world-wide. The company's products are
also available online at www.VictoriasSecret.com,
www.BathandBodyWorks.com, www.HenriBendel.com and
www.LaSenza.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
L Brands, Inc. cautions that any
forward-looking statements (as such term is defined in the Private
Securities Litigation Reform Act of 1995) contained in this press
release or the July sales call involve risks and uncertainties and
are subject to change based on various factors, many of which are
beyond our control. Accordingly, our future performance and
financial results may differ materially from those expressed or
implied in any such forward-looking statements. Words such as
"estimate," "project," "plan," "believe," "expect," "anticipate,"
"intend," "planned," "potential" and any similar expressions may
identify forward-looking statements. Risks associated with the
following factors, among others, in some cases have affected and in
the future could affect our financial performance and actual
results and could cause actual results to differ materially from
those expressed or implied in any forward-looking statements
included in this press release or the July sales call:
- general economic conditions, consumer confidence, consumer
spending patterns and market disruptions including severe weather
conditions, natural disasters, health hazards, terrorist
activities, financial crises, political crises or other major
events, or the prospect of these events;
- the seasonality of our business;
- the dependence on a high volume of mall traffic and the
possible lack of availability of suitable store locations on
appropriate terms;
- our ability to grow through new store openings and existing
store remodels and expansions;
- our ability to successfully expand into global markets and
related risks;
- our relationships with independent licensees and
franchisees;
- our direct channel businesses;
- our failure to protect our reputation and our brand
images;
- our failure to protect our trade names, trademarks and
patents;
- the highly competitive nature of the retail industry generally
and the segments in which we operate particularly;
- consumer acceptance of our products and our ability to keep up
with fashion trends, develop new merchandise and launch new product
lines successfully;
- our ability to source, distribute and sell goods and materials
on a global basis, including risks related to:
- political instability;
- duties, taxes and other charges;
- legal and regulatory matters;
- volatility in currency exchange rates;
- local business practices and political issues;
- potential delays or disruptions in shipping and transportation
and related pricing impacts;
- the disruption of production or distribution by labor disputes;
and
- changing expectations regarding product safety due to new
legislation;
- stock price volatility;
- our failure to maintain our credit rating;
- our ability to service or refinance our debt;
- our ability to retain key personnel;
- our ability to attract, develop and retain qualified employees
and manage labor costs;
- the inability of our manufacturers to deliver products in a
timely manner and meet quality standards;
- fluctuations in product input costs;
- fluctuations in energy costs;
- increases in the costs of mailing, paper and printing;
- claims arising from our self-insurance;
- our ability to implement and maintain information technology
systems and to protect associated data;
- our failure to comply with regulatory requirements;
- tax matters; and
- legal and compliance matters.
We are not under any obligation and do not intend to make
publicly available any update or other revisions to any of the
forward-looking statements contained in this press release or the
July sales call to reflect circumstances existing after the date of
this report or to reflect the occurrence of future events even if
experience or future events make it clear that any expected results
expressed or implied by those forward-looking statements will not
be realized. Additional information regarding these and other
factors can be found in "Item 1A. Risk Factors" in our 2012 Annual
Report on Form 10-K.
LIMITED
BRANDS JULY 2013
|
|
Comparable Store
Sales Increase (Decrease):
|
|
|
July
2013
|
July
2012
|
Second
Quarter
2013
|
Second
Quarter
2012
|
Year
to
Date
2013
|
Year
to
Date
2012
|
|
|
|
|
|
|
|
Victoria's Secret
Stores
|
2%
|
12%
|
1%
|
10%
|
2%
|
10%
|
Bath & Body
Works
|
6%
|
17%
|
3%
|
7%
|
3%
|
7%
|
La Senza
|
9%
|
(5%)
|
4%
|
(3%)
|
4%
|
(2%)
|
Limited
Brands
|
3%
|
12%
|
2%
|
8%
|
2%
|
8%
|
Victoria's Secret
Direct Sales
|
(11%)
|
1%
|
(6%)
|
3%
|
(6%)
|
4%
|
Total Sales
(Millions):
|
|
|
Second
Quarter
2013
|
|
Second
Quarter
2012
|
|
Year-to-date
2013
|
|
Year-to-date
2012
|
|
|
|
|
|
|
|
|
Victoria's Secret
Stores
|
$ 1,236.8
|
|
$ 1,170.1
|
|
$ 2,382.4
|
|
$ 2,257.9
|
Victoria's Secret
Direct
|
383.7
|
|
406.6
|
|
742.7
|
|
788.6
|
Total Victoria's
Secret
|
$ 1,620.5
|
|
$ 1,576.7
|
|
$ 3,125.1
|
|
$ 3,046.5
|
Bath & Body
Works
|
$ 630.3
|
|
$ 609.1
|
|
$ 1,160.4
|
|
$ 1,114.1
|
La Senza
|
$ 86.1
|
|
$ 94.9
|
|
$ 158.9
|
|
$ 170.2
|
Total
Other
|
$ 179.1
|
|
$ 118.4
|
|
$ 339.5
|
|
$ 222.1
|
Limited
Brands
|
$
2,516.0
|
|
$
2,399.1
|
|
$
4,783.9
|
|
$
4,552.9
|
Total
Company-Operated Stores:
|
|
|
Stores
|
Year-to-date
|
Stores
|
|
Operating
|
Operating
|
|
at 2/2/13
|
Opened
|
Closed
|
at 8/3/13
|
|
|
|
|
|
Victoria's Secret
Stores
|
1,019
|
23
|
(7)
|
1,035
|
Bath & Body
Works
|
1,571
|
1
|
(7)
|
1,565
|
Henri
Bendel
|
29
|
-
|
-
|
29
|
Total
United States
|
2,619
|
24
|
(14)
|
2,629
|
|
|
|
|
|
La Senza
Canada
|
158
|
-
|
(1)
|
157
|
Bath & Body Works
Canada
|
71
|
6
|
-
|
77
|
Victoria's Secret
Canada
|
26
|
1
|
-
|
27
|
Victoria's Secret
UK
|
2
|
-
|
-
|
2
|
Total Limited
Brands
|
2,876
|
31
|
(15)
|
2,892
|
SOURCE Limited Brands, Inc.