|Limited Brands Reports Second Quarter 2012 Earnings|
Second Quarter Results
Adjusted earnings per share for the second quarter ended
Including the significant items above, reported second quarter earnings per share were
Comparable store sales for the second quarter increased 8 percent, and net sales were
At the conclusion of this press release is a reconciliation of reported to adjusted results.
The company stated that it expects 2012 third quarter adjusted earnings per share to be
For 2012, the company expects earnings per share of
Earnings Call Information
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release or the second quarter earnings call to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Additional information regarding these and other factors can be found in "Item 1A. Risk Factors" in our 2011 Annual Report on Form 10-K.
The "Adjusted Results" provided in the attached unaudited Consolidated Statements of Income and Reconciliation of Adjusted Results are non-GAAP financial measures and reflect the following:
In the second quarter of 2012, adjusted results exclude the following:
In the first quarter of 2012, there were no adjustments to results.
In the second quarter of 2011, adjusted results exclude the following:
In the first quarter of 2011, adjusted results exclude the following:
The Unaudited Adjusted Consolidated Statements of Income should not be construed as an alternative to the reported results determined in accordance with generally accepted accounting principles. Further, the Company's definition of adjusted income information may differ from similarly titled measures used by other companies. While it is not possible to predict future results, management believes the adjusted information is useful for the assessment of the ongoing operations of the Company. The Unaudited Adjusted Consolidated Statements of Income should be read in conjunction with the Company's historical financial statements and notes thereto contained in the Company's quarterly reports on Form 10-Q and annual report on Form 10-K.
Limited Brands: Investor Relations, Amie Preston, +1-614-415-6704, firstname.lastname@example.org, Media Relations, Tammy Roberts Myers, +1-614-415-7072, email@example.com