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Men's stores help Limited's earnings. (The Limited, Inc.) (Brief Article)
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Daily News Record
- Article date:
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August 14, 1991
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Copyright informationCOPYRIGHT 1991 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COLUMBUS, Ohio (FNS) -- The Limited, Inc., squeaked out a small second-quarter earnings gain as new businesses -- including the Structure men's division -- helped offset disappointing results at the mainstay Limited women's division and the Victoria's Secret catalog.
The stock dropped 7/8 to 29 3/4 in heavy trading on the New York Stock Exchange.
Profits in the three months ended Aug. 3 inches up to $79,225,000, or 22 cents a share, from $79,025,000, or 22 cents, in the year-ago period. Sales were up 19.1 percent to $1,375,185,000 from $1,154,562,000. Gross margins slipped to 28.3 percent of sales from 30.5 percent.
New businesses including Structure and ...
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