Limited Brands Inc. nudged past profit expectations for the fourth quarter, but projected earnings for this year that lagged Wall Street’s expectations.
The company, which operates Victoria’s Secret and Bath & Body Works, posted a 14.5 percent rise in net income to $411.4 million, or $1.39 a diluted share, from $359.4 million, or $1.17, a year earlier. Adjusted earnings tallied $1.76 a share and were 2 cents ahead of analysts’ consensus projection. Sales for the 14 weeks ended Feb. 2 rose 9.7 percent to $3.86 billion from $3.52 billion.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"