Columbus
Limited Sees Third Quarter Earnings Drop
November 21, 2002

Limited Brands is reporting a sharp drop in third-quarter earnings compared to a year ago when the company had a $170 million gain from the sale of its Lane Bryant chain.

The Columbus-based specialty retailer says it earned $15.7 million, or three cents a share, in the quarter that ended November second. That's compared to $90.1 million, or 21 cents a share, a year ago.

Excluding special items related to the sale of Lane Bryant and the buy-back of Intimate Brands, the company earned $11.6 million, or two cents a share. That compares to a $13.8 billion loss last year.

Associated Press and Dispatch Productions, Inc., 2002. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

 

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