×
176
Fashion Jobs
PHV
Human Resources Officer, Pvh Asia Pacific
Permanent · Hong Kong
PHV
Buyer, Calvin Klein, Seath
Permanent · Hong Kong
PUMA
Manager Fabric Development Apparel
Permanent · Hong Kong
SHISEIDO
Manager - Sales And Operations, Clé de Peau Beauté
Permanent · Hong Kong
SHISEIDO
Senior Manager - Sales And Operations, Shiseido And Drunk Elephant
Permanent · Hong Kong
SHISEIDO
Contract Accounting Officer, Finance & Accounts
Permanent · Hong Kong
PHV
Senior Analyst ii, Business Process, Asia Pacific
Permanent · HONG KONG
PHV
Senior Manager, Strategic Brand Planning & Integration, Tommy Hilfiger Asia Pacific
Permanent · Hong Kong
PHV
Vice President, Shopper Experience, Calvin Klein Asia Pacific
Permanent · Hong Kong
PHV
Marketing Executive, th Hkmo
Permanent · Hong Kong
PHV
Brand Manager, Calvin Klein Asia Pacific
Permanent · Hong Kong
PHV
CRM Executive
Permanent · Hung Hom
PHV
Marketing Executive, Brand Marketing, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
PHV
Vice President, Brand & Shopper Experience, Tommy Hilfiger Asia Pacific
Permanent · Hong Kong
PHV
Visual Merchandising Manager, Hong Kong & Macau
Permanent · Hong Kong
PHV
Manager, Merchandising, Tommy Hilfiger, Asia Pacific
Permanent · Hong Kong
L'OREAL GROUP
CRM Manager
Permanent · HONG KONG
COACH
Specialist, Human Resources
Permanent · HONG KONG
COTY
HR Manager, Hong Kong & Taiwan
Permanent · Hong Kong
PUMA
Senior Manager Fabric Development Apparel
Permanent · Hong Kong
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
SHISEIDO
Manager - Marketing (Social Media & Influencer Marketing), Shiseido And Drunk Elephant
Permanent · Hong Kong
By
Reuters
Published
May 17, 2012
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Limited Brands Q1 profit beats, shares fall on view

By
Reuters
Published
May 17, 2012

Limited Brands Inc (LTD.N), parent of the Victoria's Secret lingerie store chain, posted a quarterly profit that topped Wall Street's view but its shares fell 3.5 percent after its forecast for the current quarter fell short of analysts' expectations.


Victoria's Secret

The Columbus, Ohio-based company forecast second-quarter earnings of 40 cents to 45 cents per share, below analysts' average forecast for earnings of 50 cents per share, according to Thomson Reuters I/B/E/S.

The company, which also operates the Bath & Body Works and La Senza chains as well as luxury retailer Henri Bendel, on Wednesday reported first-quarter net profit of $124.6 million, or 41 cents per share.

Analysts polled by Thomson Reuters I/B/E/S expected the company, on average, to earn 40 cents per share in latest quarter.

Limited Brands reported a profit of $165.2 million, or 50 cents per share, in the year-earlier quarter. That result included a 10-cent per share gain from special items.

Net sales slipped to $2.15 billion from $2.22 billion in the first quarter a year ago, which included $214 million in sales from the company's third-party apparel sourcing business that was sold in November.

Same-store sales, a gauge of retail health, increased 7 percent in the first quarter that ended April 28.

Limited Brands, which has outperformed most of its peers over the last year, historically has set expectations low.

Shares of Limited Brands fell to $46.30 in extended trading from their close of $47.96.

(Reporting by Nivedita Bhattacharjee in Chicago and Lisa Baertlein in Los Angeles; Editing by Tim Dobbyn)

© Thomson Reuters 2023 All rights reserved.