Oct. 26, 2009 (PR Newswire) -- COLUMBUS, Ohio, Oct. 26 /PRNewswire-FirstCall/ -- Limited Brands, Inc. (NYSE: LTD) today raised its outlook for third quarter earnings and 2009 free cash flow, and updated its guidance for October comparable store sales. The company is making this updated information available in advance of its previously announced Investor Update Meeting on Oct. 27.
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The company now expects third quarter earnings per share between $0.00 and a loss of $0.04, versus its previous estimate of a loss of $0.07 to $0.12. Free cash flow for the full year 2009, defined as cash flow from operations less capital expenditures, is expected to be between $500 and $600 million, versus its previous estimate of $350 to $450 million. October comparable store sales are expected to be in the negative low-to-mid single digits, versus its previous estimate of roughly flat. The company will provide fourth quarter earnings guidance on its third quarter earnings call on Nov. 19.
As announced last week, the Investor Update Meeting will be video webcast live on www.LimitedBrands.com from noon to 4 p.m. ET on Oct. 27, and accessible via phone (listen only) by dialing 1-866-583-6618 (international callers dial 1-973-200-3978). An archive of the webcast will be available on www.LimitedBrands.com as soon as possible following the live event.
ABOUT LIMITED BRANDS:
Limited Brands, through Victoria's Secret, Pink, Bath & Body Works, C.O. Bigelow, La Senza, White Barn Candle Co. and Henri Bendel, presently operates 3,015 specialty stores. The company's products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or investor event webcast involve risks and uncertainties and are subject to change based on various important factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Words such as "estimate," "project," "plan," "believe," "expect," "anticipate," "intend," "planned," "potential" and similar expressions may identify forward-looking statements.
