NEW YORK — Limited Brands’ accountants had a better first quarter than did its merchants.
With Victoria’s Secret not selling enough bras and Express failing to gain traction in the sweater and denim categories, adjusted net income, excluding extraordinary items in this year and last year’s quarters, skidded 35.2 percent to $49.8 million, or 8 cents a diluted share, in the three months ended May 3, 1 cent above consensus estimates but well below the $76.9 million, or 14 cents, registered in the year-ago period.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)