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| Limited Brands
Earnings Call |
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Limited Brands Earnings Call, Fourth Quarter 2008
6th March 2009 00:00 AM |
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| Limited Brands Inc reported operating income of $153.1 million which is over 75% decrease compared to $621.4 million obtained last year. |
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| The firm reported a 28% decrease in adjusted earnings per share at 68 cents compared to 94 cents for the previous year quarter which exclude certain significant items. The company reported a comparable store sales decrease of 10 % and net sales of $2.9 billion compared to net $3.2 billion last year. |
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Full Story... |
Limited Brands Earnings Call, Second Quarter 2008
24th August 2008 00:00 AM |
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| Despite lackluster results, the strong cash flows means the firm remains on the prowl for opportunities that might fit into the core brand portfolio. |
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| The specialty apparel retailer reported earnings of $102 million or 30 cents a share, down 61.4% from $264.4 million or 67 cents a share in 2007 due to weaker sales. Net sales were $2.284 billion versus $2.624 billion last year and comps were down 7% against the positive 1% cost increase excluding apparel last year. Looking ahead, the firm will continue take proactive measures to manage discretionary spending in inventory to litigate any top-line softness. |
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Full Story... |
Limited Brands First Quarter Earnings Call
26th May 2008 00:00 AM |
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| Profit rose to $97.8 million helped by an $81 million after-tax gain from the sale of a joint venture. |
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| Net sales fell to $1.9 billion, from $2.3 billion in 2007. Results included a gain of 24 cents per share from the sale of a non-core joint venture, as well as an impairment charge of 6 cents per share. Same-store sales fell 8%. The company projects Q2 share earnings to be between 16 cents and 20 cents, compared with 20 cents last year, and 2008 share earnings to between $1.38 and $1.58, excluding the 18 cent share gain in Q1. |
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Limited Brands Third Quarter Earnings Call
1st December 2007 00:00 AM |
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| Sales fell 10% to $1.9 billion due to weaknesses in the stores channel and reduced mall traffic. |
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| The specialty retailer reported a 48% drop in income to $12.1 million or 3 cents a share, driven by Victoria''s Secret Direct and the challenges related to the distribution center. The firm reviewed downwards its earnings outlook due to a drop in projections across all segments as a result of the difficult environment and negative traffic trend. The firm is now reevaluating its timing and approach to ongoing technology initiatives in order to minimize the disruptions to the business. |
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Full Story... |
Limited Brands Second Quarter Earnings Call
31st August 2007 00:00 AM |
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| Profit increased to $264.4 million, helped by a $304 million gain from the sale of Express apparel business. |
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| Limited Brands reported revenue increase of 7% to $2.62 billion, while same-store sales rose 2%. In July, Limited Brands transferred 75% ownership of Limited Stores chain to buyout firm Sun Capital Partners Inc. The company let go of 370 employees in New York, Columbus and a handful of other U.S. and international locations as part of a plan to cut $100 million in expenses. For 2007 capital expenditures are expected to be $765 million to $790 million, down $25 million from a prior forecast. |
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Full Story... |
Limited Brands First Quarter Earnings Call
21st June 2007 00:00 AM |
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| Profit decreased 47% to $52.9 million, driven by weak sales and margins at Victoria's Secret and other brands. |
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| Limited Brands, intimate apparel marketer, reported revenue of $2.3 billion compared with $2.1 billion a year ago, which was in line with analysts’ expectations. The company plans to sell a majority stake in its Express apparel chain to private equity and will consider a possible sale of Limited Stores. The board authorized a new $500 million stock buyback program. In Q2, the trends will continue to be challenging and earnings are expected to be 20 cents to 24 cents a share. |
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Full Story... |
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