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Limited Brands Reports November 2008 Sales
Posted by: gurufocus (IP Logged)
Date: December 20, 2008 10:05AM

Press Release: Limited Brands Reports November 2008 Sales The Limited Inc. is principally engaged in the purchase distribution and sale of women's men's and children's apparel women's intimate apparel personal care products and a wide variety of sporting goods. The company operates an integrated distribution system which supports its retail activities. These activities are conducted under various trade names primarily through the retail stores and catalogue businesses of the company. Merchandise is targeted to appeal to customers in various market segments that have distinctive consumer characteristics. Ltd. Brands Inc. has a market cap of $2.94 billion; its shares were traded at around $9.39 with a P/E ratio of 6.6 and P/S ratio of 0.29. The dividend yield of Ltd. Brands Inc. stocks is 6.94%. Ltd. Brands Inc. had an annual average earning growth of 6.5% over the past 10 years.

More on LTD: Gurus buys and sells of LTD 10-year financial history of LTD. Insider buys/sells of LTD.

Press Release:

COLUMBUS, Ohio, Dec. 4 /PRNewswire-FirstCall/ -- Limited Brands, Inc.(NYSE: LTD) reported a comparable store sales decrease of 12 percent for thefour weeks ended Nov. 29, 2008, compared to the four weeks ended Dec. 1, 2007.The company reported net sales of $755.6 million for the four weeks ended Nov.29, 2008 compared to net sales of $858.7 million last year.

(Logo: [www.newscom.com] )

The company reported a comparable store sales decrease of 8 percent forthe 43 weeks ended Nov. 29, 2008. Net sales were $6.807 billion compared tonet sales of $7.717 billion last year.

2007 net sales include Express sales through July 6, 2007, the closingdate of the sale of a majority interest to affiliates of Golden Gate Capital,and Limited Stores sales through Aug. 3, 2007, the closing date of thetransfer of a majority interest to affiliates of Sun Capital Partners.

To hear further commentary provided on Limited Brands' prerecordedNovember sales message, call 1-866-639-7583 (1-866-NEWS-LTD), or log onto[www.Limitedbrands.com] for an audio replay.

ABOUT LIMITED BRANDS:

Limited Brands, through Victoria's Secret, Pink, Bath & Body Works, C.O.Bigelow, La Senza, White Barn Candle Co. and Henri Bendel, presently operates3,030 specialty stores. The company's products are also available online at:0882:http://www.VictoriasSecret.com:/0882:, [www.BathandBodyWorks.com] and :0882:http://www.LaSenza.com:/0882:.

Safe Harbor Statement Under the Private Securities Litigation Reform Actof 1995

We caution that any forward-looking statements (as such term is defined inthe Private Securities Litigation Reform Act of 1995) contained in this pressrelease or the November sales call involve risks and uncertainties and aresubject to change based on various important factors, many of which are beyondour control. Accordingly, our future performance and financial results maydiffer materially from those expressed or implied in any such forward-lookingstatements. Words such as "estimate," "project," "plan," "believe," "expect,""anticipate," "intend," "planned," "potential" and similar expressions mayidentify forward-looking statements. Risks associated with the followingfactors, among others, in some cases have affected and in the future couldaffect our financial performance and actual results and could cause actualresults to differ materially from those expressed or implied in anyforward-looking statements included in this press release or the Novembersales call:

-- general economic conditions, consumer confidence and consumer spending
       patterns, including risks related to:
       -- the continued deterioration in the U.S. economic environment,
          including recessionary pressures;
       -- the significant decline in consumer confidence and the negative
          impact on consumer discretionary spending;
       -- the disruption and significant tightening in the U.S. credit and
          lending markets;

    -- the dependence on a high volume of mall traffic and the possible lack
       of availability of suitable store locations on appropriate terms;
    -- the seasonality of our business;
    -- our ability to grow through new store openings and existing store
       remodels and expansions;
    -- our ability to expand into international markets;
    -- independent licensees;
    -- our direct channel business including risks associated with our new
       distribution center;
    -- our failure to protect our reputation and our brand images;
    -- our failure to protect our trade names and trademarks;
    -- market disruptions including severe weather conditions, natural
       disasters, health hazards, terrorist activities or the prospect of
       these events;
    -- stock price volatility;
    -- our failure to maintain our credit rating;
    -- our ability to service our debt;
    -- the highly competitive nature of the retail industry generally and the
       segments in which we operate particularly;
    -- consumer acceptance of our products and our ability to keep up with
       fashion trends, develop new merchandise, launch new product lines
       successfully, offer products at the appropriate price points and
       enhance our brand image;
    -- our ability to retain key personnel;
    -- our ability to attract, develop and retain qualified employees and
       manage labor costs;
    -- our reliance on foreign sources of production, including risks related
       to:
       -- political instability,
       -- duties, taxes, other charges on imports,
       -- legal and regulatory matters,
       -- currency and exchange rates,
       -- local business practices and political issues,
       -- potential delays or disruptions in shipping and related pricing
          impacts and
       -- the disruption of imports by labor disputes;
    -- the possible inability of our manufacturers to deliver products in a
       timely manner or meet quality standards;
    -- rising energy costs;
    -- increases in the costs of mailing, paper and printing;
    -- our ability to implement and sustain information technology systems;
       and
    -- our failure to comply with regulatory requirements.

We are not under any obligation and do not intend to make publiclyavailable any update or other revisions to any of the forward-lookingstatements contained in this press release or the November sales call toreflect circumstances existing after the date of this press release or toreflect the occurrence of future events even if experience or future eventsmake it clear that any expected results expressed or implied by thoseforward-looking statements will not be realized. Additional informationregarding these and other factors can be found in "Item 1A. Risk Factors" inour 2007 Annual Report on Form 10-K.

LIMITED BRANDS
                                NOVEMBER 2008

    Comparable Store Sales Increase (Decrease):

                                                          Year-to-  Year-to-
                                      November  November    Date      Date
                                        2008      2007      2008      2007

    Victoria's Secret Stores             (9%)      (8%)      (8%)       0%
    La Senza(1)                         (12%)      (6%)      (1%)       1%
    Bath & Body Works                   (16%)      (6%)     (10%)      (2%)

    Express(2)                             -         -         -        6%
    Limited Stores(3)                      -         -         -        4%
    Total Apparel                          -         -         -        5%
    Limited Brands                      (12%)      (7%)      (8%)       0%


    1.) La Senza comparable store sales not included in total Limited Brands'
        comparable store sales until January 2008 as the business was acquired
        on Jan. 12, 2007
    2.) Express comparable store sales through July 6, 2007, closing date of
        the sale of majority interest to affiliates of Golden Gate Capital
    3.) Limited Stores comparable store sales through Aug. 3, 2007, closing
        date of the transfer of majority interest to affiliates of Sun Capital
        Partners



    Total Stores:

                                      Stores                         Stores
                                     Operating    Year-to-date      Operating
                                    at 2/2/08    Opened  Closed    at 11/29/08

    Victoria's Secret Stores          1,020        41      (14)       1,047
    La Senza                            312        15       (5)         322
    Bath & Body Works                 1,592        78      (20)       1,650
    Henri Bendel                          2         3        -            5
    Bath & Body Works Canada              -         6        -            6
    Total Limited Brands              2,926       143      (39)       3,030

We are not under any obligation and do not intend to make publiclyavailable any update or other revisions to any of the forward-lookingstatements contained in this press release or the November sales call toreflect circumstances existing after the date of this press release or toreflect the occurrence of future events even if experience or future eventsmake it clear that any expected results expressed or implied by thoseforward-looking statements will not be realized. Additional informationregarding these and other factors can be found in "Item 1A. Risk Factors" inour 2007 Annual Report on Form 10-K.

Source: PRNewsWire

More on LTD: Gurus buys and sells of LTD 10-year financial history of LTD. Insider buys/sells of LTD.

Gurus who own LTD

LTD is in the portfolios of Bill Nygren, Bill Nygren, HOTCHKIS & WILEY.


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