LTD’s June Same Store Sales Growth Exceeds Consensus

Limited Brands Inc

reported a 6% rise in its store sales opened at least one year. LTD’s same-store-sales growth for the month exceeded analyst expectations of 3.2%. The Columbus, Ohio-based company’s net sales for the 5 weeks ended July 3 rose 8% to $965.4 million, as compared to $891.8 million in the year-ago period. Limited Brands’ revenue in stores open at least one year rose 8% year-to-date, while total revenue grew 10% year/year to $3.55 billion. LTD’s shares fell 1.10% to $23.42 in after-hours trading. Read more

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