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Share Name | Share Symbol | Market | Type |
---|---|---|---|
LandBridge Company LLC | NYSE:LB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-2.15 | -6.90% | 29.01 | 32.09 | 28.019 | 31.16 | 587,125 | 22:18:04 |
COLUMBUS, Ohio, Dec. 1, 2011 /PRNewswire/ -- Limited Brands, Inc. (NYSE: LTD) reported a comparable store sales increase of 7 percent for the four weeks ended Nov. 26, 2011, compared to the four weeks ended Nov. 27, 2010. The company reported net sales of $872.6 million for the four weeks ended Nov. 26, 2011, compared to net sales of $893.0 million last year. The decline in sales year over year was driven by the sale of our third party apparel sourcing business in the beginning of November 2011.
(Logo: http://photos.prnewswire.com/prnh/20020520/CLM001LOGO )
The company reported a comparable store sales increase of 10 percent for the 43 weeks ended Nov. 26, 2011, compared to the 43 weeks ended Nov. 27, 2010. The company reported net sales of $7.721 billion for the 43 weeks ended Nov. 26, 2011, compared to sales of $7.050 billion last year.
Special Dividend
The company announced that its Board of Directors has declared a special dividend of $2 per share, which will be paid on Dec. 23, 2011, to shareholders of record at the close of business on Dec. 12, 2011.
Leslie H. Wexner, chairman and chief executive officer, stated, "Returning value to our shareholders is paramount for us. Our earnings growth and disciplined management of the business have resulted in significant free cash flow and a very strong cash and liquidity position. Going forward, we are confident in the growth opportunities for our business, which will allow us to continue to return excess cash to shareholders through a combination of ongoing regular dividends, share repurchases and special dividends."
The company expects 2011 free cash flow of approximately $700 million and a year-end cash balance, after the payment of the special dividend, of approximately $800 million. With this distribution, the company will have returned $12 billion to shareholders since 2000.
To hear further commentary provided on Limited Brands' prerecorded November 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, La Senza and Henri Bendel, is an international company. The company operates 2,640 specialty stores in the United States and its brands are sold in more than 600 company-operated and franchised additional locations world-wide. The company's products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.
Limited Brands b-roll footage of stores is available through our online newsroom.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Limited Brands, Inc. cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or the November sales call involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Words such as "estimate," "project," "plan," "believe," "expect," "anticipate," "intend," "planned," "potential" and similar expressions may identify forward-looking statements. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this press release or the November sales call:
We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release or the November sales call to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Additional information regarding these and other factors can be found in "Item 1A. Risk Factors" in our 2010 Annual Report on Form 10-K.
LIMITED BRANDS | ||||||
NOVEMBER 2011 | ||||||
| ||||||
Comparable Store Sales Increase (Decrease): | ||||||
|
|
|
|
|
|
|
|
November 2011 |
|
November 2010 |
Year-to-Date 2011 |
|
Year-to-Date 2010 |
|
|
|
|
|
|
|
Victoria's Secret Stores |
11% |
|
13% |
14% |
|
13% |
La Senza |
(7%) |
|
(10%) |
(2%) |
|
0% |
Bath & Body Works |
6% |
|
8% |
7% |
|
5% |
Limited Brands |
7% |
|
10% |
10% |
|
9% |
|
|
|
| |
Total Stores: |
|
|
| |
|
|
|
| |
|
Stores |
Year-to-date |
Stores | |
|
Operating |
Operating | ||
|
at 1/29/11 |
Opened |
Closed |
at 11/26/11 |
|
|
|
|
|
Victoria's Secret Stores |
1,028 |
8 |
(13) |
1,023 |
Bath & Body Works |
1,606 |
6 |
(14) |
1,598 |
Henri Bendel |
11 |
8 |
- |
19 |
Total United States |
2,645 |
22 |
(27) |
2,640 |
|
|
|
|
|
La Senza Canada |
252 |
- |
(3) |
249 |
Bath & Body Works Canada |
59 |
10 |
- |
69 |
Victoria's Secret Canada |
12 |
8 |
(1) |
19 |
Total Limited Brands |
2,968 |
40 |
(31) |
2,977 |
SOURCE Limited Brands, Inc.
Copyright 2011 PR Newswire
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