Limited Brands Reports January 2013, Fourth Quarter 2012 And Fiscal Year 2012 Sales; Updates Fourth Quarter Earnings Guidance PR Newswire COLUMBUS, Ohio, Feb. 7, 2013 COLUMBUS, Ohio, Feb. 7, 2013 /PRNewswire/ --Limited Brands, Inc. (NYSE: LTD) reported comparable store sales for the five weeks ended Feb. 2, 2013 increased 9% compared to the five weeks ended Feb. 4, 2012. The Company reported net sales of $986.4 million for the five-week period ended Feb. 2, 2013 compared to sales of $774.5 million for the four-week period ended Jan. 28, 2012. The fifth week in January 2013 represented approximately $125 million in sales. (Logo: http://photos.prnewswire.com/prnh/20020520/CLM001LOGO ) Comparable store sales for the 14 week fourth quarter ended Feb. 2, 2013 increased 5% compared to the 14 weeks ended Feb. 4, 2012. Net sales were $3.856 billion for the 14 week fourth quarter ended Feb. 2, 2013 compared to $3.515 billion for the 13 weeks ended Jan. 28, 2012. The Company reported a comparable stores sales increase of 6% for the 53 week year ended Feb. 2, 2013, compared to the 53 weeks ended Feb. 4, 2012. Net sales were $10.459 billion for the 53 week year ended Feb. 2, 2013 compared to $10.364 billion for the 52 weeks ended Jan. 28, 2012. Fourth quarter 2011 and 2011 full year sales included $13.1 million and $702.4 million attributable to the third party apparel sourcing business, which was sold in November 2011. The Company is comfortable with the current street consensus estimate for 2012 fourth quarter adjusted earnings per share of $1.73. To hear further commentary provided on Limited Brands' prerecorded January sales message, call 1-866-639-7583 (1-866-NEWS-LTD), or log onto www.Limitedbrands.comfor an audio replay. The company will release its fourth quarter earnings after the close of the market on Feb. 27, and hold its conference call at 9 a.m. Eastern Time on Feb 28. ABOUT LIMITED BRANDS: Limited Brands, through Victoria's Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, is an international company. The company operates 2,619 specialty stores in the United States and its brands are sold in more than 700 company-operated and franchised additional locations world-wide. The company's products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com. Limited Brands b-roll footage of stores is available through our online newsroom. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Limited Brands, Inc. cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or the January sales call involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Words such as "estimate," "project," "plan," "believe," "expect," "anticipate," "intend," "planned," "potential" and any similar expressions may identify forward-looking statements. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this press release or the January sales call: ogeneral economic conditions, consumer confidence, consumer spending patterns and market disruptions including severe weather conditions, natural disasters, health hazards, terrorist activities, financial crises, political crises or other major events, or the prospect of these events; othe seasonality of our business; othe dependence on a high volume of mall traffic and the possible lack of availability of suitable store locations on appropriate terms; oour ability to grow through new store openings and existing store remodels and expansions; oour ability to successfully expand into international markets and related risks; oour independent licensees and franchisees; oour direct channel business; oour failure to protect our reputation and our brand images; oour failure to protect our trade names, trademarks and patents; othe highly competitive nature of the retail industry generally and the segments in which we operate particularly; oconsumer acceptance of our products and our ability to keep up with fashion trends, develop new merchandise and launch new product lines successfully; oour reliance on foreign sources of production, including risks related to: opolitical instability; oduties, taxes and other charges on imports; olegal and regulatory matters; ovolatility in currency exchange rates; olocal business practices and political issues; opotential delays or disruptions in shipping and related pricing impacts; othe disruption of imports by labor disputes; and ochanging expectations regarding product safety due to new legislation; ostock price volatility; oour failure to maintain our credit rating; oour ability to service our debt; oour ability to retain key personnel; oour ability to attract, develop and retain qualified employees and manage labor costs; othe inability of our manufacturers to deliver products in a timely manner and meet quality standards; ofluctuations in product input costs; ofluctuations in energy costs; oincreases in the costs of mailing, paper and printing; oclaims arising from our self-insurance; oour ability to implement and maintain information technology systems; oour failure to comply with regulatory requirements; otax matters; and olegal and compliance matters. We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release or the January sales call to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Additional information regarding these and other factors can be found in "Item 1A. Risk Factors" in our 2011 Annual Report on Form 10-K. LIMITED BRANDS JANUARY 2013 Comparable Store Sales Increase (Decrease) (Comparable Calendar Basis): January January Fourth Fourth Year Year Quarter Quarter 2013 2012 2012 2011 2012 2011 Victoria's Secret 8% 17% 3% 12% 7% 14% Stores Bath & Body Works 10% (3%) 7% 3% 7% 6% La Senza 15% (8%) 0% (3%) (2%) (2%) Limited Brands 9% 9% 5% 7% 6% 10% Victoria's Secret Direct Sales (5%) 3% (1%) 3% 1% 4% Total Sales (Millions): Fourth Quarter Fourth Quarter Year 2012 Year 2011 2012 2011 (53 weeks) (52 weeks) (14 weeks) (13 weeks) Victoria's Secret $ 1,713.4 $ 1,572.2 $ 4,980.6 $ 4,563.9 Stores Victoria's Secret 534.0 518.8 1,593.2 1,557.5 Direct Total Victoria's $ 2,247.4 $ 2,091.0 $ 6,573.8 $ 6,121.4 Secret Bath & Body Works $ 1,249.6 $ 1,127.9 $ 2,902.2 $ 2,674.3 La Senza $ 102.4 $ 119.4 $ 355.5 $ 414.9 Other $ 256.2 $ 177.1 $ 627.2 $ 1,153.4 Limited Brands $ 3,855.6 $ 3,515.4 $ 10,458.7 $ 10,364.0 Total Company-Operated Stores: Stores Stores Operating Year-to-date Operating at 1/28/12 Opened Closed at 2/2/13 Victoria's Secret Stores 1,017 22 (20) 1,019 Bath & Body Works 1,587 4 (20) 1,571 Henri Bendel 19 10 - 29 Total United States 2,623 36 (40) 2,619 La Senza Canada 230 - (72) 158 Bath & Body Works Canada 69 3 (1) 71 Victoria's Secret Canada 19 7 - 26 Victoria's Secret UK - 2 - 2 Total Limited Brands 2,941 48 (113) 2,876 SOURCE Limited Brands, Inc. Website: http://www.Limitedbrands.com Contact: Limited Brands: Investor Relations, Amie Preston, +1-614-415-6704, email@example.com; Media Relations, Tammy Roberts Myers, +1-614-415-7072, firstname.lastname@example.org
Limited Brands Reports January 2013, Fourth Quarter 2012 And Fiscal Year 2012 Sales; Updates Fourth Quarter Earnings Guidance
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