Limited Brands Reports October 2013 Sales and Updates Third Quarter Earnings Guidance PR Newswire COLUMBUS, Ohio, Nov. 7, 2013 COLUMBUS, Ohio, Nov. 7, 2013 /PRNewswire/ --Limited Brands, Inc. (now known as L Brands, Inc.) (NYSE: LTD) reported net sales of $680.5 million for the four weeks ended Nov. 2, 2013, compared to net sales of $611.0 million for the four weeks ended Oct. 27, 2012. The company reported a comparable store sales increase of 8 percent for the four weeks ended Nov. 2, 2013, compared to the four weeks ended Nov. 3, 2012. (Logo: http://photos.prnewswire.com/prnh/20020520/CLM001LOGO) The company reported net sales of $2.171 billion for the 13 weeks ended Nov. 2, 2013, an increase of 6 percent compared to net sales of $2.050 billion for the 13 weeks ended Oct. 27, 2012. The company reported a comparable store sales increase of 3 percent for the 13 weeks ended Nov. 2, 2013, compared to the 13 weeks ended Nov. 3, 2012. The company reported net sales of $6.955 billion for the 39 weeks ended Nov. 2, 2013, an increase of 5 percent compared to net sales of $6.603 billion for the 39 weeks ended Oct. 27, 2012. The company reported a comparable store sales increase of 3 percent for the 39 weeks ended Nov. 2, 2013, compared to the 39 weeks ended Nov. 3, 2012. The company expects to report third quarter earnings per share at the high end of its previous guidance of $0.23 to $0.28. The company will report third quarter earnings on Nov. 20 after the close of the market and will conduct its third quarter earnings call at 9 a.m. Eastern on Nov. 21. To hear further commentary provided on Limited Brands' prerecorded October sales message, call 1-866-639-7583 (1-866-NEWS-LTD), or log onto www.Limitedbrands.com for an audio replay. 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 2,655 specialty stores in the United States and its brands are sold in about 800 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. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 L 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 October 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 October 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 global markets and related risks; oour relationships with independent licensees and franchisees; oour direct channel businesses; 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 ability to source, distribute and sell goods and materials on a global basis, including risks related to: opolitical instability; oduties, taxes and other charges; olegal and regulatory matters; ovolatility in currency exchange rates; olocal business practices and political issues; opotential delays or disruptions in shipping and transportation and related pricing impacts; othe disruption of production or distribution 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 or refinance 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 and to protect associated data; 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 October sales call to reflect circumstances existing after the date of this report 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 2012 Annual Report on Form 10-K. LIMITED BRANDS OCTOBER 2013 Comparable Store Sales Increase (Decrease): October October Third Third Year-to-Date Year-to-Date Quarter Quarter 2013 2012 2013 2012 2013 2012 Victoria's 10% 3% 4% 6% 3% 9% Secret Stores Bath & Body 4% 5% 3% 5% 3% 6% Works La Senza (2%) (2%) 3% (2%) 4% (2%) Limited Brands 8% 3% 3% 5% 3% 7% Victoria's Secret (7%) (3%) (1%) (2%) (4%) 2% Direct Sales Total Sales (Millions): Year-to-date Year-to-date Third Quarter Third Quarter 2013 2012 2013 2012 Victoria's Secret $ 1,058.5 $ 1,009.2 $ 3,441.0 $ 3,267.1 Stores Victoria's Secret 268.9 270.6 1,011.6 1,059.2 Direct Total Victoria's $ 1,327.4 $ 1,279.8 $ 4,452.6 $ 4,326.3 Secret Bath & Body Works $ 566.6 $ 538.4 $ 1,726.9 $ 1,652.6 La Senza $ 75.1 $ 82.9 $ 234.0 $ 253.1 Other $ 202.0 $ 149.1 $ 541.5 $ 371.1 Limited Brands $ 2,171.1 $ 2,050.2 $ 6,955.0 $ 6,603.1 Total Company-Operated Stores: Stores Stores Operating Year-to-date Operating at 2/2/13 Opened Closed at 11/2/13 Victoria's Secret Stores 1,019 51 (10) 1,060 Bath & Body Works 1,571 6 (11) 1,566 Henri Bendel 29 - - 29 Total United States 2,619 57 (21) 2,655 La Senza Canada 158 - (1) 157 Bath & Body Works Canada 71 8 - 79 Victoria's Secret Canada 26 5 - 31 Victoria's Secret UK 2 3 - 5 Total Limited Brands 2,876 73 (22) 2,927 SOURCE Limited Brands, Inc. Website: http://www.limitedbrands.com Contact: Limited Brands: Investor Relations: Amie Preston, (614) 415-6704, email@example.com; Communications: Tammy Roberts Myers, (614) 415-7072, firstname.lastname@example.org
Limited Brands Reports October 2013 Sales and Updates Third Quarter Earnings Guidance
Press spacebar to pause and continue. Press esc to stop.