Limited Brands Posts Strong 3Q Sales, Raises Earnings Forecast

Limited Brands (NYSE:LTD) soared to a 48-month high Thursday after reporting strong third-quarter sales and significantly improving its earnings guidance. Third-quarter revenue for the provider of women’s intimate apparel, beauty and personal care products, operating under names such as Victoria’s Secret and Bath & Body Works, was $1.98 billion, up from $1.78 billion a year ago, with comparable store sales gaining 10%. The quarterly results for the three months ended Oct. 30 were marginally ahead of average analyst estimates polled by Thomson Reuters of $1.95 billion. October sales for the