Limited Brands Inc. (LTD), now known as L Brands Inc., said its comparable-store sales in April 2013 grew 2 percent year-over-year. Also, the company posted net sales of $660.5 million for the four-week period, compared with $659.0 million a year ago.
Looking ahead to the first quarter, the firm now expects earnings per share of about $0.46 cents per share, versus its prior range of $0.40 - $0.45 per share, first quarter results were negatively impacted by nearly $0.03 per share, due to costs related to severance and a higher tax rate. Analysts project first-quarter earnings of $0.46 per share.
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