• Q2 profit grew 24.5% to $178.9m from $143.6m
  • Sales rose 5% to $2.516bn versus $2.40bn
  • Comparable store sales climbed 2%

US retailer Limited Brands (now known as L Brands) has raised its full year earnings guidance after it recorded a 24.5% increase in second quarter profit.

The company, which owns the Victoria's Secret and La Senza lingerie brands, said net income reached US$178.9m for the 13 weeks to 3 August, compared to $143.6m in the same period of last year.

Sales grew 5% to $2.52bn from $2.40bn, while comparable store sales climbed 2%.

During the second quarter of last year, Limited Brands incurred a pre-tax charge of $3.6m related to La Senza store closures.

The retailer now expects full year expects earnings per share to be $3.06-3.21, up from its previous guidance of $2.95-3.15.