New Brand Presidents to Lead Execution of Path to Potential Strategy, Building on Company's Strong Foundation to Usher in New Era of Innovation  REYNOLDSBURG, Ohio, April 08, 2025 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today announced a series of strategic leadership appointments designed to accelerate growth across its portfolio of distinguished brands. The appointments reflect the company's commitment to placing customer focus and brand expertise at ...

Core Insights - Victoria's Secret & Co. has announced strategic leadership appointments aimed at accelerating growth and innovation across its brand portfolio, focusing on customer-centric operations and brand expertise [1][2][3] Leadership Appointments - Anne Stephenson has been appointed President of Victoria's Secret, effective May 12, bringing over 25 years of experience in merchandising and brand development [3][8] - Ali Dillon will join as President of PINK on May 12, with over two decades of experience in product strategy and brand development [4][10] - Amy Kocourek was appointed President of Beauty in March, known for her track record in driving revenue growth and category expansion [5][11] - Adam Selman will join as SVP, Executive Creative Director on April 14, recognized for his innovative fashion design and brand storytelling [6][12] Strategic Focus - The new leadership team is expected to enhance the execution of the Path to Potential strategy, which aims to deliver value for stakeholders by focusing on growth brands Victoria's Secret and PINK, alongside a strong Beauty business [2][7] - The appointments reflect the company's commitment to innovation and excellence, aiming to strengthen market leadership and connect with the next generation of consumers [3][7]

For the fiscal year ended February 1, 2025 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________ FORM 10-K __________________________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commi ...

I recommended a hold rating for Victoria’s Secret (NYSE: VSCO ) when I wrote about it earlier this year, as I wanted to see more tangible turnaround tractions, preferably with growth sustaining in the mid-single-digits range andI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hand ...

As 2024 came to a close for Victoria’s Secret (NYSE: VSCO ), the company has shown over the last two quarters that it’s reached an inflection point where revenue growth is returning and profitability is looking like it can meaningfullyI'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound ...

Victoria's Secret & Co. (NYSE:VSCO) Q4 2024 Earnings Conference Call March 6, 2025 8:00 AM ET Company Participants Kevin Wynk - Vice President, External Financial Reporting and Investor Relations Scott Sekella - Chief Financial Officer Hillary Super - Chief Executive Officer Tim Johnson - Former Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Adrienne Yih - Barclays Simeon Siegel - BMO Capital Markets Corey Tarlowe - Jefferies Jonna Kim - TD Cowen Alex Straton - Morgan Stanley M ...

Core Viewpoint - Victoria's Secret & Co. (VSCO) reported strong fourth-quarter fiscal 2024 results, with earnings and revenues exceeding expectations and showing year-over-year growth [1][2]. Financial Performance - Adjusted earnings per share (EPS) for Q4 were $2.60, surpassing the Zacks Consensus Estimate of $2.30 by 13%, and increased 0.8% from $2.58 in the previous year [3]. - Quarterly revenues reached $2.1 billion, beating the consensus mark of $2.08 billion by 1.2%, and rose 1% year-over-year [3]. - Comparable sales increased by 5% year-over-year [3]. Sales Breakdown - North America channel net sales were $1.16 billion, up 0.5% year-over-year [4]. - Direct channel net sales rose 2.5% year-over-year to $752.2 million [4]. - International channel net sales decreased by 0.6% year-over-year to $193.2 million [4]. Margin and Costs - Gross profit declined 1.5% year-over-year to $813.4 million, with a gross margin of 38.6%, down from 39.7% in the prior year [5]. - Cost of sales increased by 2.8% year-over-year to $1.29 billion [5]. - General, administrative, and store operating expenses decreased by 3.8% year-over-year to $545.7 million [5]. Fiscal Year Highlights - Total revenues for fiscal 2024 were $6.22 billion, compared to $6.18 billion in fiscal 2023 [6]. - Operating income for fiscal 2024 was $309.6 million, up from $245.6 million in fiscal 2023 [6]. - Adjusted EPS for fiscal 2024 was $2.69, compared to $2.27 in the previous year [6]. Fiscal 2025 Outlook - For Q1 fiscal 2025, net sales are expected to range between $1.30 billion and $1.33 billion, with adjusted operating income forecasted between $10 million and $30 million [7]. - For fiscal 2025, net sales are projected to be between $6.2 billion and $6.3 billion, with adjusted operating income expected to range from $300 million to $350 million [8].

Fourth Quarter Earnings March 5, 2025 Forward Looking Statements Fourth Quarter Earnings March 5, 2025 2 • our ability to comply with regulatory requirements; and • our geographic concentration of production and distribution facilities in central Ohio and Southeast Asia; • the ability of our vendors to manufacture and deliver products in a timely manner, meet quality standards and comply with applicable laws and regulations; • fluctuations in freight, product input and energy costs; • Safe Harbor Statement ...

Core Insights - Victoria's Secret reported revenue of $2.11 billion for the quarter ended January 2025, a year-over-year increase of 1.1% [1] - The company's EPS for the same period was $2.60, slightly up from $2.58 a year ago, with a surprise of +13.04% compared to the consensus estimate of $2.30 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $2.08 billion, resulting in a surprise of +1.22% [1] Financial Performance Metrics - Comparable Sales - Stores and Direct increased by 5%, outperforming the three-analyst average estimate of 2.8% [4] - Comparable Sales - Stores Only rose by 3%, compared to the average estimate of 1% from two analysts [4] - Total company-operated stores remained at 806, matching the average estimate [4] - Total stores in the China Joint Venture were 70, slightly above the average estimate of 69 [4] - Geographic Net Sales - Direct reached $752.20 million, which is lower than the estimated $775.43 million but represents a +2.5% change compared to the year-ago quarter [4] Stock Performance - Victoria's Secret shares have returned -31.5% over the past month, contrasting with the Zacks S&P 500 composite's -4.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Group 1: Earnings Performance - Victoria's Secret reported quarterly earnings of $2.60 per share, exceeding the Zacks Consensus Estimate of $2.30 per share, and showing a slight increase from $2.58 per share a year ago, representing an earnings surprise of 13.04% [1] - The company posted revenues of $2.11 billion for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 1.22% and up from $2.08 billion year-over-year [2] - Over the last four quarters, Victoria's Secret has consistently surpassed consensus EPS estimates four times and topped revenue estimates three times [2] Group 2: Stock Performance and Outlook - Victoria's Secret shares have declined approximately 43.6% since the beginning of the year, contrasting with the S&P 500's decline of only 1.8% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of the stock's immediate price movement based on recent earnings numbers and future expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.26 on revenues of $1.39 billion, and for the current fiscal year, it is $2.83 on revenues of $6.33 billion [7] Group 3: Industry Context - The Retail - Apparel and Shoes industry, to which Victoria's Secret belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]