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]

Core Viewpoint - The Board of Directors of Victoria's Secret & Co. has adopted a limited-duration shareholder rights plan to protect the interests of all shareholders in response to significant stock accumulation by BBRC International Pte Limited [2][3][4] Group 1: Rights Plan Details - The Rights Plan is effective immediately and will expire in one year, specifically on May 18, 2026 [2][8] - Each shareholder will receive one right for each share of common stock as of May 29, 2025, which will initially trade with the common stock [5][8] - The rights become exercisable if any person acquires 15% or more of the outstanding common stock, or 20% for certain passive investors [5][6] Group 2: Rationale for the Rights Plan - The Board adopted the Rights Plan due to the substantial accumulation of shares by BBRC, which began increasing its position to approximately 13% starting in March 2025 [3][6] - The Board expressed concerns about the current market dislocation in the retail sector and its impact on the trading value of the Company's shares, which they believe does not reflect the inherent value of VS&Co [3][4] - The Rights Plan aims to ensure fair treatment of all shareholders in the event of a takeover and to prevent control from being gained without appropriate compensation [4][6] Group 3: Engagement with BBRC - The Company has maintained open dialogue with BBRC and values their investment, indicating a willingness to continue discussions [4] - BBRC has a history of acquiring controlling interests in retail companies and has recently launched a new global lingerie and beauty brand [6][4] Group 4: Company Overview - Victoria's Secret & Co. is a specialty retailer known for its fashion-inspired collections, including lingerie, sleepwear, and beauty products, with a global presence of approximately 1,380 retail stores in nearly 70 countries [9]

Core Viewpoint - Victoria's Secret & Co. is set to release its first quarter 2025 earnings on June 5, 2025, with a live conference call scheduled for 8:30 a.m. ET, providing an opportunity for stakeholders to gain insights into the company's financial performance and strategic direction [1][2]. Company Overview - Victoria's Secret & Co. (NYSE: VSCO) is a specialty retailer known for its modern, fashion-inspired collections, including bras, lingerie, apparel, and fragrances, with a commitment to empowering women and a workforce of over 30,000 associates across approximately 1,380 retail stores in nearly 70 countries [3]. - The company operates leading brands, Victoria's Secret and PINK, alongside Adore Me, a technology-driven intimates brand catering to women of all sizes and budgets [3]. Earnings Call Details - The earnings release and related financial information will be available on the company's investor relations website approximately one hour before the live webcast [1]. - For those unable to attend the live call, an archived version will be accessible on the company's website [2]. Contact Information - For further inquiries, the company provides contact details for investor relations and media relations, ensuring stakeholders can obtain additional information as needed [6].

Core Insights - Victoria's Secret & Co. announced strategic leadership appointments to accelerate growth and enhance customer focus as part of its Path to Potential strategy [1][2][7] Leadership Appointments - Anne Stephenson appointed as President of Victoria's Secret, effective May 12, bringing over 25 years of merchandising experience [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 appointed as President of Beauty in March, known for driving revenue growth and category expansion [5][11] - Adam Selman will join as SVP, Executive Creative Director on April 14, recognized for his bold fashion design and brand storytelling [6][12] Strategic Focus - The leadership team aims to enhance brand projection and create meaningful consumer connections, reinforcing the company's mission to support women [7][13]