Limited Brands
La Senza's parent company Limited Brands reported mixed results for 2011. REUTERS

Limited Brands (LTD), parent company of Victoria's Secret, Bath and Body Works and La Senza, said Wednesday its fiscal 2011 earnings per share rose on stronger same-store sales and a share buyback.

The Columbus, Ohio-based retailer's full-year income fell 3 percent to $1.24 billion from $1.28, with earnings per share jumping to $2.70 from $2.42.

Despite a 10 percent increase in same-store sales and the share buyback, annual operating income declined for the full year becasue of significant items, such as pre-tax gains of $110.8 million, charges of $256.1 million and $28.4 million in tax benefits.

The company's fourth-quarter sales increased 7 percent to $3.52 billion from $3.46 billion in the previous fiscal year. There was a decrease in the number of shares outstanding in the quarter ended Jan. 28.

The company's outlook for fiscal 2012 calls for $2.60 to $2.80 in earnings per share, with same-store sales increases in the mid-to-high single digit range.

The company's stock fell 19 cents to $45.48 on the day, but took a 4.6 percent dip in after hours trading to $43.40.