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Market Update : 
Limited Brands Profit Drops 46%
Author: Elena Todorova
123jump.com
Last Update: 8:00 AM EDT May 24 2007



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The retailer said it earned $52.9 million, or 13 cents per share, 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 attributed the quarterly decline to lower-than-expected sales and margins across all its brands, particularly Victoria''s Secret.

 

 

 

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