Limited Brands Income Rises
Operating income at Limited Brands for the 2003 second quarter was $170.4 million, an increase from $138.7 million during last year's second quarter, the company said yesterday.Net income was $102 million, up from $83.2 million a year ago. Comparable-store sales for the quarter ended Aug. 2 rose 3 percent, and net sales of $2.01 billion were up 5 percent.
Limited Brands, Columbus, OH, also said August sales have been below plan at the apparel group, and that overall comparable-store sales are "somewhat below its expectation for a low single-digit positive comp."
