Limited Brands, Inc.—owner of the Bath and Body Works, Victoria’s Secret, Pink, La Senza and Henri Bendel brands—reported its 2011 fourth quarter and full-year results. Adjusted earnings per share for the fourth quarter ended Jan. 28, 2012 increased 19% to $1.50 compared to $1.26 for the quarter ended Jan. 29, 2011. Fourth quarter adjusted operating income was $786.5 million compared to $713.5 million last year, and adjusted net income was $459.2 million compared to $419.7 million last year.
Reported fourth quarter earnings per share were $1.17 compared to $1.36 last year; operating income was $641.1 million compared to $713.5 million last year; and net income was $359.4 million compared to$452.3 million last year.
The company reported a comparable store sales increase of 7% for the fourth quarter ended Jan. 28, 2012, compared to the fourth quarter ended Jan. 29, 2011. The company reported net sales of $3.515 billion for the fourth quarter ended Jan. 28, 2012, compared to sales of $3.456 billion last year.
Total sales were negatively impacted by the sale of the company’s third party apparel sourcing business in the beginning of November 2011.
Adjusted earnings per share for the year ended Jan. 28, 2012 increased 26% to$2.60 compared to $2.06 for the year ended Jan. 29, 2011. Adjusted operating income was $1.546 billion in 2011 compared to $1.284 billion in 2010, and adjusted net income was $817.3 million compared to $684.5 million in 2010.
Reported 2011 full-year earnings per share were $2.70 compared to $2.42 in 2010; operating income was $1.238 billion compared to $1.284 billion in 2010; and net income was $850.1 million compared to $804.8 million in 2010.
The company reported a comparable store sales increase of 10% for the year ended Jan. 28, 2012, compared to the year ended Jan. 29, 2011. The company reported net sales of $10.364 billion for the year ended Jan. 28, 2012, compared to sales of $9.613 billion last year.
