NEW YORK — Sabotaged by below-plan sales and margins in apparel and extraordinary gains from the sale of Lane Bryant last year, The Limited Brands on Thursday said its third-quarter profits sank a hefty 82.5 percent.

The Columbus, Ohio–based operator of mall mainstays like Express and Victoria’s Secret said its net income for the three months ended Nov. 2 stumbled to $15.8 million, or 3 cents a diluted share, 1 cent above consensus estimates, but down from income of $90.2 million, or 21 cents, in last year’s quarter.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus