Limited Brands’ Profit Rises on Cost Controls
- Share via
Limited Brands’ said second-quarter earnings rose 16% to $83.2 million, or 16 cents a share, as the owner of the Limited, Express and Victoria’s Secret stores cuts costs and focuses on its best-selling items. The results beat analysts’ average estimate of 12 cents, according to Thomson First Call.
Sales fell 3.6% to $2.11 billion, reduced by the sale of the Lane Bryant chain last year. Same-store sales rose 4%.
Shares of Columbus, Ohio-based Limited gained 30 cents to close at $16.91 on the NYSE.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
