Limited Changes Name, Sees Rising Income
The Limited Inc., Columbus, OH, reported yesterday that comparable-store sales in the quarter ended May 4 rose 4 percent while net sales of $2.027 billion represented a 7 percent increase from adjusted sales of $1.890 billion a year ago.Adjusted operating income was $137.9 million, an increase of 211 percent from $44.4 million last year. Adjusted net income was $81.7 million, up 227 percent from $25 million a year ago.
Reported net income reached $49.9 million, compared with $30.7 million last year.
Also, the company has been renamed Limited Brands. The change follows the acquisition of all outstanding shares of Intimate Brands stock earlier this year.
