L Brands (LTD) April Comps Rise 2%, Sees Q1 EPS Above Prior Views

May 9, 2013 7:04 AM EDT
Limited Brands, Inc. (now known as L Brands, Inc.) (NYSE: LTD) reported a comparable store sales increase of 2 percent for the four weeks ended May 4, 2013. The company reported net sales of $660.5 million for the four weeks ended May 4, 2013, compared to net sales of $659.0 million for the four weeks ended April 28, 2012.

The company expects to report first quarter earnings per share of approximately $0.46 cents per share. Versus its previous guidance of $0.40 to $0.45 per share, first quarter results were negatively impacted by approximately $0.03 per share due to costs related to severance and a higher tax rate. The consensus is $0.46.


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