COLUMBUS, Ohio (AP) -- Limited Brands, operator of Victoria's Secret, Bath & Body Works and other stores, says its September revenue at store open at least a year increased 5 percent, topping Wall Street's estimates.
Analysts surveyed by Thomson Reuters expected a 4.3 percent rise in the figure.
Revenue at stores open at least a year is a key indicator of a retailer's health because it excludes results from stores recently opened or closed.
Total revenue for the five weeks ended Sept. 29 declined 6 percent to $773.6 million from $818.6 million.
Limited Brands Inc. said Thursday that its year-to-date revenue from stores open at least a year rose 7 percent. Total revenue fell 3 percent to $5.99 billion from $6.2 billion.
Limited Brands, based in Columbus, Ohio, runs 2,624 specialty stores in the U.S. and its brands are sold in more than 700 additional company-operated and franchised locations globally.
Despite the improvement in revenue, Limited shares fell 99 cents, or 2 percent, to $49.25 in premarket trading. Its shares hit a 52-week high of $52.20 per share on Sept, 21.
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