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 COLUMBUS, Ohio (AP) - Limited Brands Inc. said on Wednesday that its earnings fell 46 percent in the first quarter, hurt by lower-than-anticipated sales and margins across all its brands, particularly Victoria's Secret. It also cut its full-year earnings outlook.
Limited Brands said it made $52.9 million, or 13 cents per share, for the quarter ended May 5, compared with profits of $99.4 million, or 25 cents a share, a year ago. Sales totaled $2.3 billion compared with $2.1 billion a year ago.
Limited Brands said last week that it expected to make 12 cents to 14 cents share in the first quarter compared with its previous forecast of 25 to 28 cents and 25 cents a share last year.
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