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Article: Limited Brands Posts Earnings Increase
- Article from:
- AP Online
- Article date:
- November 20, 2003
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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AP Online
11-20-2003
Dateline: COLUMBUS, Ohio
Limited Brands, the operator of Victoria's Secret and Bath & Body Works, reported a sharp rise in third-quarter earnings, mainly because of the sale of its remaining interest in Alliance Data Systems Corp.
The Columbus-based specialty retailer earned $129.7 million, or 25 cents a share in the quarter ended Nov. 1, compared with earnings of $15.8 million, or 3 cents a share, a year ago.
Limited Brands said the results include a gain of 16 cents a share related to the sale of its remaining interests in Alliance Data Systems Corp. A tax refund settlement added another 3 cents a share, and the company gained a penny per share from the sale of the ...