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Limited Brands Q3

This article was originally published in The Rose Sheet

Executive Summary

Bath & Body Works comp store sales increased 9% in the third quarter, and net sales grew 9.3% to $350 mil., Limited Brands announces Nov. 18. Beauty retailer's operating income grew 1.3% to $4.6 mil., as anticipated, due to a profit plan that is heavily weighted to the fourth quarter, CEO Neil Fiske says in a conference call with analysts. Holiday plan, which began Oct. 18, is running ahead of expectations, exec notes, adding seasonal business has been up strongly compared to the prior year fueled by a "near doubling of our Perfect Christmas line and seasonal toiletries." Victoria's Secret Beauty sales have been driven by the success of sub-brands, such as Very Sexy for Her and Garden lip gloss, the firm adds. Victoria's Secret comp store sales increased 13%, net sales grew 13.2% to $830 mil., and operating income was up 12.9% to $107.2 mil...
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