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Article: Intimate Brands net increases 30.3 percent.(third quarter 1997)(Brief Article)
- Article from:
- WWD
- Article date:
- November 13, 1997
CopyrightCOPYRIGHT 1997 Conde Nast 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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NEW YORK -- Powering its way through another strong quarter, Intimate Brands Inc. said Wednesday that third-quarter earnings increased 30.3 percent to $35.4 million, or 14 cents a share.
In the year-ago quarter, the company earned $27.2 million, or 11 cents a share.
Sales for the three months ended Nov. 1 gained 15.8 percent to $689.9 million from $596.9 million.
Gross margins jumped to 36.1 percent of sales from 32.5 percent.
"Third-quarter results exhibit a continuing strategy for building more profitable sales and brand equity," said Leslie H. Wexner, chairman and chief executive officer of Limited Inc., which owns 83 percent of Intimate ...