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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)