After 20 years of decline, British high street stalwart Marks & Spencer is gaining ground again [Fortune]
Victorias Secret & Co. (VSCO)
Company Research
Source: Fortune
The clothing and homewares group reported better-than-expected pretax profit of £673 million ($857 million) last year and forecast further progress in the current financial year. It will also pay a full-year dividend of 3 pence a share — the first since 2019. M&S said both its food and clothing divisions have delivered 12 consecutive quarters of sales growth, helped by initiatives to improve the quality and pricing of its goods. Cost-cutting measures and improvements in the stores and supply chain are making operations more efficient, it added. M&S ended the year with net funds of about £46 million, excluding lease liabilities, which it said is the best balance sheet position in decades. M&S results show a very strong end to last year, which was broad-based across both clothing and home, said Frederick Wild, analyst at Jefferies. “Equally critical is the upbeat outlook. This is more front-foot than usual.” Shares of M&S rose more than 8% in early trading in London. The stock
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News
- The beautiful Adriana Lima: A look back at Victoria's Secret runway shows the model has walked in [FOX News]FOX News
- Feminine Hygiene Wash Market to hit USD 14 billion 2032, says Global Market Insights Inc. [Yahoo! Finance]Yahoo! Finance
- I love finding ways to save money, but my friends just think I'm stingy. How do I get them to be reasonable? [Business Insider]Business Insider
- Victoria's Secret & Co. (NYSE: VSCO) had its price target raised by analysts at Barclays PLC from $16.00 to $19.00. They now have an "underweight" rating on the stock.MarketBeat
- Victoria's Secret (VSCO) Q1 Earnings & Revenues Top Estimates [Yahoo! Finance]Yahoo! Finance
VSCO
Earnings
- 6/5/24 - Beat
VSCO
Sec Filings
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- VSCO's page on the SEC website