The Limited, Inc. Expects Record Sales and Net Income for 1994 Fourth Quarter and Fall Season

Strategic Insights -

The Limited, Inc., a leading specialty retailer, reported plans to set new records for sales and net income in the 1994 fourth quarter and Fall season. According to Leslie H. Wexner, Chairman and Chief Executive Officer, the Company completed 1994 with significant improvements in earnings, particularly in the all-important Fall season and fourth quarter. Notably, the fourth quarter is expected to produce a 30% increase in earnings, setting a new record. The Company's net sales for the twelve months ended January 28, 1995, reached $7.321 billion, a 5% increase from the same period last year, excluding Brylane sales.

Key Takeaways:

  • The Limited, Inc. expects to set new records for sales and net income in the 1994 fourth quarter and Fall season.
  • The Company's 1994 fourth quarter is expected to produce a 30% increase in earnings, setting a new record.
  • Net sales for the twelve months ended January 28, 1995, reached $7.321 billion, a 5% increase from the same period last year, excluding Brylane sales.
  • Despite a decline in comparable store sales, The Limited, Inc. expects to generate net income of approximately $448 million for the year ending January 28, 1995.
  • The Company's Chairman and Chief Executive Officer, Leslie H. Wexner, emphasized the importance of proper inventory management, stating that inventories are "properly balanced and on plan."
  • The Limited, Inc. operates 4,867 specialty stores across various brands, including Express, Lerner New York, Limited Stores, Victoria's Secret, and Abercrombie & Fitch.

Statistics:

  • $7.321 billion: The Limited, Inc.'s net sales for the twelve months ended January 28, 1995.
  • 5%: The increase in net sales from the same period last year, excluding Brylane sales.
  • $448 million: The estimated net income for the year ending January 28, 1995.
  • 30%: The expected increase in earnings for the 1994 fourth quarter.
  • $1.25: The earnings per share for the year ending January 28, 1995, a 16% increase from the previous year.
  • 5% and 3%: The decline in comparable store sales for the four weeks ended January 28, 1995, and for the year-to-date period, respectively.

Sources:

  • The Limited, Inc. press release, February 2, 1995.
  • The Limited, Inc. (NYSE: LTD; London) company information.