Shares of Victoria's Secret (VSCO -29.70%) plummeted 29.7% on Thursday after the lingerie, clothing, and beauty-products retailer announced reasonably solid quarterly results but followed with underwhelming forward guidance.Victoria's Secret's decent fourth quarter wasn't enoughFor its fiscal fourth quarter ended Feb. 3, 2024, Victoria's Secret's net sales grew 3% year over year, to $2.082 billion, including a comparable-sales decline of 6% (noting that there was an extra week in this fourth quarter, as com ...

Victoria’s Secret’s shares suffered their worst day ever after the lingerie maker gave a surprise warning that it expects its sales will drop this year as a turnaround bid has failed to take shape.The company’s shares fell by a record 30% on Thursday — the biggest decline since its IPO in July 2021, according to Bloomberg — after it issued disappointing results for the crucial holiday period and said sales would decline in 2024.In the quarter ended Feb. 3, comparable store sales fell 6%, the company said. I ...

Victoria’s Secret & Co. (VSCO) posted fourth-quarter fiscal 2023 results, wherein the top line missed the Zacks Consensus Estimate, while the bottom line surpassed the same. Both metrics increased on a year-over-year basis.VSCO benefited from strong international business. The company is also encouraged by improving sales trend in North America. Following the earnings, the company’s shares declined 26.1% in the after-hour trading session on Mar 6. Investors’ sentiment was hurt by dismal 2024 outlook.Q4 in D ...

Victoria's Secret & Co. (NYSE:VSCO) Q4 2023 Earnings Conference March 7, 2024 8:00 AM ET Company Participants Kevin Wynk - Vice President, External Financial Reporting and Investor Relations Martin Waters - Chief Executive Officer Tim Johnson - Chief Financial Officer Conference Call Participants Alex Straton - Morgan Stanley Irwin Boruchow - Wells Fargo Simeon Siegel - BMO Capital Markets Jonna Kim - TD Cowen Dana Telsey - Telsey Group Matthew Boss - JPMorgan Marni Shapiro - Retail Tracker Mauricio Serna - ...

Victoria’s Secret (NYSE:VSCO) stock is falling hard on Thursday following the release of its latest earnings report.The company’s report for the fourth quarter of 2023 starts with adjusted earnings per share of $2.58. That’s better than the $2.47 per share Wall Street was expecting. It’s also better than the $2.47 reported in the same period of the year prior.Unfortunately, it couldn’t keep that positive momentum going with revenue coming in at $2.08 billion. That’s below the $2.9 billion in revenue that an ...

Forward Looking Statements • market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises or other major events, or the prospect of these events; • our dependence on traffic to our stores and the availability of suitable store locations on satisfactory terms; • our ability to protect our reputation and the image and value of our brands; • our ability to realize the potential benefits and synergies ...

Key TakeawaysVictoria's Secret shares fell 26% in extended-hours trading after the company issued cautious sales guidance below analysts' expectations amid softness in the North American intimate apparel market.The company announced a new stock buyback program, authorizing the repurchase of up to $250 million of the company’s common stock. A close below an important zone of support between $20 and $21.50 could open the door to a retest of the stock's record low at $13.62. Victoria's Secret (VSCO) shares slu ...

Victoria's Secret (VSCO) reported $2.08 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 3%. EPS of $2.58 for the same period compares to $2.47 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.09 billion, representing a surprise of -0.46%. The company delivered an EPS surprise of +4.88%, with the consensus EPS estimate being $2.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

SAINT-PETERSBURG, RUSSIA - 2020/03/18: Logo of Victoria`s Secret is seen at Galeria Shopping and ... [+] Entertainment Centre. (Photo by Sergei Mikhailichenko/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Victoria’s Secret & Co. is scheduled to report earnings after Wednesday’s close. The stock hit a record high of $76/share in 2021 and is currently trading near $26 in the premarket. The stock is prone to big moves after reporting earnings and can easily gap up if the num ...