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Limited Brands' 1Q Profit Soars
NEW YORK (AP) -- Limited Brands Inc. is reporting that its first-quarter net income soared, helped by a one-time pretax gain.

The parent of the Victoria's Secret and Bath and Body Works chains also offered a solid profit outlook.

It said late Thursday that it had net income of $112.5 million, or 34 cents per share, in the period that ended May 1. That compares with $2.6 million, or one cent per share, a year earlier.

Excluding 9 cents per share related to a cash distribution from Express, its net income per share was 25 cents.

Its revenue rose to $1.92 billion from $1.72 billion a year earlier, and its revenue at stores opened at least a year rose 10 percent.

(Copyright 2010 by The Associated Press. All Rights Reserved.)
05 19 10 by Newsroom
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