Limited Stores Sales Rise 7% (LTD)
Retailer Limited Brands Inc. (NYSE: LTD) reported December same-store sales increased by 7% compared with the same period in 2010. For the full year sales are up 10% over 2010. Limited also revised its earnings guidance: “The company now expects…
Retailer Limited Brands Inc. (NYSE: LTD) reported December same-store sales increased by 7% compared with the same period in 2010. For the full year sales are up 10% over 2010.
Limited also revised its earnings guidance: “The company now expects to report adjusted fourth quarter earnings per share of $1.42 to $1.46 versus its previous guidance of $1.28 to $1.43 per share and $1.26 last year.”
The company noted that total sales for December were “negatively impacted” as a result of Limited’s November sale of its third-party apparel sourcing business.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
