Core Viewpoint - Victoria's Secret & Co. is set to release its first quarter 2025 financial results on June 11, 2025, following a delay due to a security incident involving its IT systems [1] Group 1: Earnings Release Information - The earnings release will occur before market open on June 11, 2025, with a live webcast scheduled for 8:30 a.m. ET [1][2] - Financial information will be available on the company's investor relations website approximately one hour prior to the webcast [1] Group 2: Company Overview - Victoria's Secret & Co. is a specialty retailer offering a range of products including bras, lingerie, apparel, and fragrances, with a commitment to empowering over 30,000 associates across approximately 1,380 retail stores in nearly 70 countries [3]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2][3] Group 2 - The company is committed to using technology to enhance workflows and has adopted various automation and software tools, including generative AI [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Core Viewpoint - Victoria's Secret is postponing its quarterly earnings release due to a security breach that disrupted corporate operations and led to the temporary shutdown of its US shopping site for several days [1][6]. Group 1: Security Incident Details - The security incident was first detected on May 24, prompting the company to activate response protocols to contain unauthorized network access [2]. - Corporate systems and the retail website were temporarily shut down on May 26 as a precautionary measure, leading to frustration among shoppers due to the prolonged downtime [2][3]. - The website was restored late Thursday, but the incident is suspected to involve a ransomware cyberattack, reflecting a growing trend of such attacks on retailers [3]. Group 2: Financial Impact and Earnings - Victoria's Secret expects to report $1.35 billion in net sales and an adjusted operating income of $32 million for the first quarter of 2025, exceeding previous guidance [5]. - Analysts had anticipated sales of approximately $1.33 billion, indicating a positive outlook despite the security breach [5]. - The company clarified that the breach did not impact first-quarter results, as the period ended before the disruptions occurred [8][12]. Group 3: Ongoing Assessment and Industry Context - Victoria's Secret is continuing to assess the full scope of the incident, including potential expenses that may affect future finances [9]. - The incident is part of a broader trend, with several retailers, including Marks & Spencer and Adidas, reporting similar cyberattacks that disrupt operations and expose customer data [9][10].

Financial Performance - First quarter 2025 net sales are expected to be approximately $1.35 billion, exceeding the prior guidance range of $1.30 billion to $1.33 billion[7] - Adjusted operating income for the first quarter 2025 is projected to be $32 million, surpassing the previous guidance of $10 million to $30 million[7] - Adjusted diluted earnings per share for the first quarter 2025 is anticipated to be $0.09, compared to the prior guidance range of ($0.10) to $0.10[7] - Adjusted financial measures are used to evaluate performance internally, providing additional insights for investors[14] Security Incident - The company experienced a security incident on May 24, 2025, which led to temporary shutdowns of corporate systems and the e-commerce website[2][3] - The security incident did not materially disrupt financial results for the first quarter of fiscal 2025, but may incur future expenses impacting second quarter results[5] - The company is currently assessing the full scope and impact of the security incident under the oversight of the Audit Committee[5] Business Operations - Victoria's Secret & Co. operates approximately 1,380 retail stores in nearly 70 countries, employing over 30,000 associates[8] - The company is committed to integrating artificial intelligence into its business operations while managing associated risks[10] - The company plans to announce a new date for the first quarter 2025 earnings release and earnings call webcast in due course[4]

Core Viewpoint - The company has postponed its first quarter 2025 earnings release and call due to a recent security incident affecting its IT systems, although preliminary financial results indicate strong performance exceeding prior guidance ranges [2][5][6]. Financial Performance - Preliminary net sales for the first quarter of 2025 are expected to be $1.35 billion, surpassing the prior guidance of $1.30 billion to $1.33 billion [8]. - Adjusted operating income is projected at $32 million, exceeding the previous guidance of $10 million to $30 million [8]. - Adjusted diluted earnings per share (EPS) is anticipated to be $0.09, compared to a prior range of ($0.10) to $0.10 [8]. Security Incident - On May 24, 2025, the company detected a security incident and initiated response protocols to contain unauthorized access [3]. - Corporate systems and the e-commerce website were temporarily shut down on May 26, 2025, with the website restored by May 29, 2025 [4]. - The incident has not materially disrupted operations but has led to expenses that may impact future financial results [6]. Operational Impact - The restoration process has limited employee access to necessary systems for financial reporting, resulting in the postponement of the earnings release [5]. - The company continues to assess the full scope and impact of the incident under the oversight of the Audit Committee [6].

Core Insights - Victoria's Secret (VSCO) is expected to report quarterly earnings of $0.04 per share, reflecting a year-over-year decline of 66.7% [1] - Revenue projections stand at $1.33 billion, indicating a decrease of 2.1% from the same quarter last year [1] Earnings Estimates - Over the last 30 days, there has been a 7% upward revision in the consensus EPS estimate for the quarter, indicating analysts' reassessment of their forecasts [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock [3] Key Metrics - Analysts project 'Geographic Net Sales- Direct' to be $439.87 million, a decline of 2% from the previous year [5] - The estimated number of 'Total stores - Company-Operated' is 802, down from 828 a year ago [5] - The consensus estimate for 'Total stores - China Joint Venture' remains at 71, unchanged from the same quarter last year [5] Stock Performance - Shares of Victoria's Secret have increased by 8.3% over the past month, outperforming the Zacks S&P 500 composite, which rose by 6.1% [6] - With a Zacks Rank of 3 (Hold), VSCO is expected to align with overall market performance in the near term [6]

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Victoria's Secret due to lower revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - The earnings report is expected on June 5, 2025, with a consensus EPS estimate of $0.04, reflecting a -66.7% year-over-year change, and revenues projected at $1.33 billion, down 2.1% from the previous year [3][4]. Estimate Revisions - The consensus EPS estimate has been revised 7.02% higher in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - Victoria's Secret has a positive Earnings ESP of +54.55%, suggesting analysts are optimistic about the company's earnings prospects, despite a Zacks Rank of 3 [12]. Historical Performance - In the last reported quarter, Victoria's Secret exceeded the expected EPS of $2.30 by delivering $2.60, resulting in a +13.04% surprise. The company has beaten consensus EPS estimates in the last four quarters [13][14]. Industry Comparison - Genesco, another player in the retail apparel industry, is expected to report an EPS of $2.14, indicating a -1.9% year-over-year change, with revenues projected at $463.91 million, up 1.4% [19].

Core Insights - Victoria's Secret is experiencing a significant website outage attributed to a "security incident" that began during a Memorial Day sale [1][3] - The company has engaged third-party experts and is working to restore operations while keeping brick-and-mortar locations open [5] Digital Sales Impact - The company reported $2 billion in digital sales last year, accounting for approximately one-third of its total revenue [4] Stock Market Reaction - Shares of Victoria's Secret fell by 6.8% on Wednesday due to the ongoing website issues [5]

Core Viewpoint - Victoria's Secret & Co. (NYSE: VSCO) is expected to report its Q1 numbers on June 5th, which may not significantly impress investors [1] Group 1: Company Overview - Victoria's Secret is preparing to release its quarterly earnings report, with anticipation that the results will not be groundbreaking [1] Group 2: Investment Strategy - The investment approach discussed emphasizes a long-term horizon, typically between 5 to 10 years, focusing on a balanced portfolio that includes growth, value, and dividend-paying stocks, with a particular inclination towards value stocks [1]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]