Limited Brands Inc. on Wednesday posted a decline in second-quarter results, but still raised full-year guidance.
For the three months ended July 28, second-quarter income fell 37.9 percent to $143.6 million, or 49 cents a diluted share, versus $231.2 million, or 73 cents, last year. Excluding pretax charges this year related to the La Senza store closures and a nontaxable gain last year as well as a pretax expense related to a charitable contribution, adjusted income was down 2.3 percent to $147.2 million, or 50 cents a diluted share, compared with $150.7 million, or 48 cents, a year ago.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"