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Net income gains 5.7% to $850 million.
February 23, 2012
By: TOM BRANNA
Editor
Sales at Limited Brands Inc. rose more than 8% to $10.4 billion last year, while the net income rose 5.7% to $850.1 million. However, the maker of cosmetics and personal care products under Victoria’s Secret and Bath & Body Works brand, noted that net income declined in the fourth quarter and sales growth weakened. Limited said its $250 million share repurchase program has been completed and that the board authorized a new $500 million share repurchase program.
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