Limited Brands November revenue figure rises


COLUMBUS, Ohio (AP) -- Limited Brands Inc., operator of Victoria's Secret, Bath & Body Works and other stores, said Thursday that its November revenue at stores open at least a year rose 5 percent, topping Wall Street's estimates.

Analysts surveyed by Thomson Reuters expected a 3.1 percent rise in the figure.

Revenue at stores open at least a year is a key indicator of a retailer's health because it excludes results from stores recently opened or closed.

Total revenue for the five weeks ended Nov. 24 rose almost 6 percent to $922 million from $872.6 million.

Limited Brand's year-to-date revenue from stores open at least a year rose 7 percent. Total revenue fell 2.5 percent to $7.52 billion from $7.72 billion.

Year-ago figures include $13.1 million in revenue for the month and $702.4 million for the year related to a third-party apparel sourcing business which the company sold in November 2011.

Limited Brands, based in Columbus, Ohio, runs 2,624 specialty stores in the U.S. and its brands are sold in more than 700 additional company-operated and franchised locations globally.

Its shares finished at $50.79 on Wednesday.

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