Limited Brands Inc. (LTD) reported a 12 percent year-over-year growth in comparable-store sales for the month of July, with net sales dropping to $649.8 million, from $660.4 million a year earlier.
In addition, the company now expects second-quarter adjusted earnings per share in the range of $0.46 - $0.48 versus its prior range of $0.40 - $0.45. On average, 20 analysts polled by Thomson Reuters expect earnings per share of $0.46 for the quarter.
Also, the board has declared a special dividend of $1 per share and its regular quarterly dividend of $0.25 per share, both payable on September 7, 2012, to shareholders of record at the close of business on Aug. 23, 2012.
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