FINL » Topics » 5. Impact of Hurricanes

This excerpt taken from the FINL 10-Q filed Dec 21, 2005.

5. Impact of Hurricanes

 

During the thirteen weeks ended November 26, 2005, several hurricanes struck a portion of the southern United States, causing the ultimate closure of two stores in the impacted areas. Based upon the terms of the Company’s merchandise, property and business interruption insurance and related deductibles, management does not believe that the ultimate resolution of these events will be material to the Company’s financial position.

 

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

Except for the historical information contained herein, the matters discussed in this filing are forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those expressed in any of the forward looking statements. Such risks and uncertainties include, but are not limited to, product demand and market acceptance risks, the effect of economic conditions, the reliance on a few key vendors for a majority of merchandise purchases (including a significant portion from one key vendor), the effect of competitive products and pricing, the ability to attract and retain qualified personnel, the availability of products, management of growth, and the other risks detailed in the Company’s Securities and Exchange Commission filings. The words or phrases “anticipates”, “plans”, “expects”, “will continue”, “believes”, “estimates”, “projects”, or similar expressions are intended to identify “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The Company disclaims any intent or obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

 

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L Brands, Inc. (LTD)
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