Limited Brands reports net operating income of $108.5mn in Q1
24 May '07
2 min read
The Company expects that trends will continue to be challenging in the second quarter, especially at Victoria's Secret, and therefore estimates 2007 second quarter earnings per share to be $0.20 to $0.24 compared to $0.28 per share last year.
This estimate does not include any impact from the previously announced Express transaction and potential strategic options for Limited Stores, or the new share repurchase program announced in this release.
For the full year 2007, the Company now expects earnings per share of $1.55 to $1.65, versus its initial guidance of $1.75 to $1.90. This estimate does not include any impact from the previously announced Express transaction and potential strategic options for Limited Stores, or the new share repurchase program announced in this release.
Earnings Call Information: Limited Brands will conduct its first quarter earnings call at 9 a.m. Eastern time on Thursday, May 24. Additional first quarter financial information is also available at company's website.
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