Limited profit up 22% in Q3
Columbus, Ohio — Limited Brands Inc. reported Wednesday that profit for the third quarter rose 22% on higher sales at its Victoria’s Secret and Bath and Body Works chains.
Net income rose to $94.3 million from $61.3 million a year earlier. As reported previously, revenue rose 10% to $2.17 billion.
The company has raised its outlook for the fourth quarter.
Buckle Q3 net income climbs 11% on online strength
Kearney, Neb. — Teen retailer The Buckle Inc. reported Thursday that profit surged 11% to $38.3 million for the third quarter, compared with $34.4 million in the year-ago period.
Online sales increased 25.4% in the quarter. Total revenue climbed 12% to $273.4 million, beating Wall Street’s expected $272.1 million. Same-store sales rose 9.1%.
Ross Stores Q3 up 18.6%
Pleasanton, Calif. — Ross Stores Inc. reported Thursday its third straight quarter of profits, as net income rose 18.6% to $144 million, from $121.4 million a year earlier. Results met Wall Street expectations.
“Operating our business on lower in-store inventories is driving faster turns and lower markdowns, which continues to benefit profit margins,” noted Michael Balmuth, CEO.
Revenue rose 9.2% to $2.05 billion, beating analysts’ predicted $2.03 billion in revenue.