Second quarter operating income was $357.8 million compared to an adjusted $308.9 million last year, and net income was $178.9 million compared to an adjusted $147.2 million last year. Adjusted results exclude one significant item as detailed below:
- In 2012: A pre-tax charge of $3.6 million, or $0.01 per share, related to La Senza store closures.
Including the significant item above, reported 2012 second quarter earnings per share were $0.49; operating income was $305.3 million; and net income was $143.6 million.
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.
At the conclusion of this press release is a reconciliation of reported to adjusted results.
2013 Outlook
The company stated that it expects 2013 third quarter earnings per share to be $0.23 to $0.28.
For 2013, the company expects earnings per share of $3.06 to $3.21 versus its previous guidance of $2.95 to $3.15.
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.
Limited Brands
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