COLUMBUS, Ohio, Aug. 21, 2013 /PRNewswire/ -- Limited Brands, Inc. (now known as L Brands, Inc.) (NYSE: LTD) today reported 2013 second quarter results.
Second Quarter Results
Earnings per share for the second quarter ended Aug. 3, 2013, increased 22% to $0.61 compared to adjusted earnings per share of $0.50 for the quarter ended July 28, 2012. Second quarter operating income was $357.8 million compared to an adjusted $308.9 million last year, and net income was $178.9 million compared to an adjusted $147.2 million last year. Adjusted results exclude one significant item as detailed below:
- In 2012: A pre-tax charge of $3.6 million, or $0.01 per share, related to La Senza store closures.
Including the significant item above, reported 2012 second quarter earnings per share were $0.49; operating income was $305.3 million; and net income was $143.6 million.
The company reported net sales of $2.516 billion for the 13 weeks ended Aug. 3, 2013, an increase of 5 percent compared to sales of $2.399 billion for the 13 weeks ended July 28, 2012. The company reported a comparable store sales increase of 2 percent for the 13 weeks ended Aug. 3, 2013, compared to the 13 weeks ended Aug. 4, 2012.