First-quarter net income at limited brands up

PORTLAND, Oregon - retailer Limited Brands Inc. has seen little luxuries sales boost its net income in the first quarter.

The company has the bath and the works of body, Victoria Secret and La Senza retail chains, reported Wednesday that it earned 165.2 million, or 50 cents per share for the quarter ended April 30. This is an increase of 47% of $ 112.5 million, or 34 cents per share, a year earlier.

Excluding non-recurring items in each period, Limited won 40 cents per share against 25 cents per share, last year. That beats the 39 cents per share that analysts expected, according to FactSet.

As previously, the company reported its revenues increased 15 percent from $ 2.22 billion.

Limited Brands has found a sweet spot in the economy in recession by selling off the coast of its brand of clothing and focusing on its chains that sell luxury lingerie and lotion products at moderate prices.

Revenue at stores open at least a year, considered a key indicator of financial performance a retailer because it strips away recently opened or closed stores, increased by 15%.

Leslie h. Wexner, CEO of the company, said the mark of the building company helped to deliver solid results for the first quarter.

Limited is expected to earn hundred 38 to 43 cents per share for the second quarter, on an adjusted basis. This is the average forecast of analysts for 43 cents.

For the full fiscal year, Limited is expected to earn $ 2.25 to $ 2.45 per share. Analysts expected $2.25 per share for the year.

Shares of the company, based in Columbus, Ohio, has spent 4 cents to $42.49 after hours, a drop of initial recovery after hours of 75 cents. They have increased 2 percent in regular trading Wednesday.