Limited Brands reports 1Q EPS increase

COLUMBUS, Ohio Limited Brands reported that earnings per share for the first quarter ended May 3, were 28 cents compared to 13 cents last year. First quarter operating income was $209.4 million compared to $108.5 million last year, and net income was $97.8 million compared to $52.9 million last year.

Comparable-store sales for the first quarter decreased 8%, and net sales were $1.9 billion compared to $2.3 billion last year.

The company stated that it expects 2008 second quarter earnings per share to be 16 cents to 20 cents compared to 20 cents per share last year.

For 2008, the company expects earnings per share of $1.38 to $1.58.