Victoria’s Secret & Co. Provides First Quarter 2024 Preliminary Results
Victorias Secret & Co. (VSCO)
Company Research
Source: GlobeNewswire
Sales, adjusted operating income, adjusted EPS at the high end or above guidance Reaffirms fiscal 2024 sales and adjusted operating income guidance REYNOLDSBURG, Ohio, May 09, 2024 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today provided preliminary results for the first quarter 2024 ended May 4, 2024. Net sales, adjusted operating income, and adjusted diluted earnings per share for the first quarter are at or above previously issued guidance as highlighted in the table below. First Quarter 2024 Preliminary ResultsGuidance Net Sales (3%) to (4%)(4%) to (6%) Adjusted Operating Income$35 - $40 million$10 - $35 million Adjusted Diluted Earnings Per Share $0.07 to $0.12($0.15) to $0.10 Chief Executive Officer Martin Waters commented on the improved first quarter performance, “I am encouraged by our preliminary view of results and the sequential improvement in quarterly sales trends. We delivered meaningf
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News
- Victoria's Secret & Co. (NYSE: VSCO) had its price target raised by analysts at JPMorgan Chase & Co. from $15.00 to $16.00. They now have an "underweight" rating on the stock.MarketBeat
- Exclusive: Female athletes are the most effective influencers—and brands like Skims and Nike are reaping the benefits [Fortune]Fortune
- Victoria’s Secret & Co. Invites You to Listen to the First Quarter 2024 Earnings Call WebcastGlobeNewswire
- Struggling Victoria's Secret Returns to Traditional Fashion Show [BNN Bloomberg (Canada)]BNN Bloomberg
- American Eagle joins exodus from San Francisco mall [Yahoo! Finance]Yahoo! Finance
VSCO
Earnings
- 3/6/24 - Beat
VSCO
Sec Filings
- 5/10/24 - Form 8-K
- 5/3/24 - Form ARS
- 5/3/24 - Form DEFA14A
- VSCO's page on the SEC website