Victoria's Secret & Company

VSCO

Equity

ISIN US9264001028 / Valor 112661844

New York Stock Exchange, Inc (2024-09-18)

USD 25.13+3.54%

Victoria's Secret & Company
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About company

Victoria's Secret & Company is a global retailer with a team of over 30,000 employees dedicated to providing customers with products and experiences that promote self-confidence and empowerment. The company focuses on offering a wide range of lingerie, beauty products, and accessories to cater to the diverse needs of its customers. Through its products, platform, and advocacy efforts, Victoria's Secret & Company aims to drive positive change and make a meaningful impact on the lives of its customers.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Net Loss

Victoria's Secret & Company reported a net loss of $4 million, or $0.05 per diluted share, for the first quarter of 2024. This compares to a net income of $1 million, or $0.01 per diluted share, for the first quarter of 2023.

Operating Income

The company's operating income for the first quarter of 2024 was $26 million, compared to $28 million in the first quarter of 2023. Adjusted operating income for the first quarter of 2024 was $40 million, which was at the high-end of the previously announced preliminary results.

Net Sales

Victoria's Secret & Company reported net sales of $1.359 billion for the first quarter of 2024, a decrease of 3% compared to $1.407 billion in the first quarter of 2023. Total comparable sales for the first quarter of 2024 decreased by 5%.

Second Quarter Outlook

The company is forecasting second quarter 2024 net sales to decrease in the low-single digit range compared to the second quarter of 2023. Adjusted operating income for the second quarter of 2024 is expected to be in the range of $30 million to $45 million, with adjusted net income estimated to be between $0.05 to $0.20 per diluted share.

Full Year 2024 Outlook

Victoria's Secret & Company reaffirmed its full year 2024 outlook, forecasting net sales to be about $6.0 billion, down low-single digits compared to fiscal year 2023. Adjusted operating income for fiscal year 2024 is expected to be between $250 million to $275 million.

Summarized from source with an LLMView Source

Key figures

41.7%1Y

-59.3%3Y

%5Y

Performance

70.4%1Y

62.6%3Y

64.1%5Y

Volatility