Limited Brands Inc. on Wednesday said both profits and revenues rose in the second quarter ended July 30, due to inventory and expense management and more full-price selling. Comp-store sales at the company, which operates Victoria’s Secret and Bath & Body Works, among other retail formats, increased 9 percent over last year’s second quarter. Net sales at Limited Brands rose 10 percent to $2.6 billion for the quarter, from $2.2 billion last year.
Second-quarter adjusted EPS were 48 cents, compared to 36 cents for the prior year’s quarter. EPS exclude certain significant items in both years, the company said. Adjusted operating income for the second quarter was $307 million, compared to operating income of $236.5 million last year, and adjusted net income of $150.7 million, compared to $120.6 million in the same 2010 quarter.
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