Limited Brands Reports Third Quarter EPS of $.03

Limited Brands, Inc. LTD today reported 2010 third quarter results. Earnings per share for the third quarter ended Oct. 30, 2010, were $0.18 compared to adjusted earnings per share of $0.02 for the quarter ended Oct. 31, 2009, which exclude an income tax benefit in 2009 as detailed below. Third quarter operating income was $149.1 million compared to operating income of $58.9 million last year, and net income was $61.3 million compared to adjusted net income of $6.1 million last year. The 2009 adjusted results above exclude an income tax benefit, primarily due to the resolution of certain tax matters, of $8.8 million, or $0.03 per share. Including this benefit, 2009 net income was $14.9 million and earnings per share were $0.05. Comparable store sales for the third quarter increased 10 percent, and net sales were $1.983 billion compared to $1.777 billion last year.