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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