Kate Moss has made her Victoria's Secret Fashion Show debut, following her daughter on the catwalk - as the US lingerie brand brought its famous show back after six years. Some of the world's most famous models and musicians took part in the fashion show in New York, including sisters Gigi and Bella Hadid, Tyra Banks, and Adriana Lima. Valentina Sampaio and Alex Consani also made history as they became the first transgender models to walk the famous Victoria's Secret runway. (pictured) and her model sister ...

Victoria's Secret & Co. (VSCO) is currently trading at a compelling discount than its industry peers. With a forward 12-month Price/Earnings ratio of 11.76X, the stock is priced significantly below the industry average of 29.16X and the broader Consumer Discretionary sector's 18.43X, presenting a potential value opportunity. In the past three months, VSCO has delivered an impressive 30.9% gain, outpacing the industry's 22.8% increase and the S&P 500's 1.4% rise. The company has also outperformed other indus ...

Victoria's Secret & Co. VSCO shares are trading higher on Wednesday. Barclays analyst Adrienne Yih upgraded Victoria's Secret to Equal Weight from Underweight and raised the price target to $25 from $23. The analyst writes that the company has moved past its most challenging period. Despite a significant loss of market share in recent years, VSCO still holds around 20% of the U.S. intimate market. The analyst says that they are more positive about the company due to the new management team's industry experi ...

Victoria's Secret (NYSE: VSCO ) 2Q24 results came with a lot of surprises: a new CEO, improved guidance, and the first quarter with growth in operating income since 2021. Sales were down on an absolute and comparable basis, but the Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, t ...

Featuring dynamic talent Gigi Hadid, Paloma Elsesser, Taylor Hill and more embodying the unmatched style and innovation of the collection NEW YORK, Sept. 12, 2024 /PRNewswire/ -- Today, Victoria's Secret announced the return of VSX – an allnew collection that is the intersection of performance, comfort and fashion. Versatile in style and functionality, VSX offers the ultimate collection of bold, cutting-edge styles to wear day-to- night. Taylor Hill for Victoria's Secret Photo by Zoey GrossmanTaylor Hill fo ...

Core Viewpoint - Victoria's Secret (VSCO) is currently recommended as a hold due to a negative macro outlook and elevated valuation multiples despite the appointment of a new CEO, Hillary Super, who brings relevant industry experience and expertise [2][6]. Financial Performance - VSCO reported a total sales decline of 0.7% year-over-year to approximately $1.42 billion, with North America store sales declining 2.1% year-over-year to $800 million and same-store sales growth (SSSG) declining 5% year-over-year [3]. - Direct sales fell 0.9% year-over-year to $430.2 million, while international sales grew 6.4% year-over-year to $187 million [3]. - Adjusted gross margin expanded by 80 basis points year-over-year to 35.4%, and adjusted EBIT margin expanded by 100 basis points to 4.4%, exceeding consensus estimates of 4.3% [3]. Management Changes - Hillary Super was appointed as the new CEO effective September 9, which is seen as a crucial change for VSCO, instilling confidence in a potential turnaround [3][4]. - Super's background includes experience at Savage X Fenty, a major competitor, and expertise in fashion retail merchandising from companies like Guess and Anthropologie [4]. Market Trends - Despite a negative sales performance in Q2 2024, there are signs of improving sales trends in North America for both Victoria's Secret and PINK brands, with management noting a strong exit from Q2 2024 and positive customer reactions to new products [4]. - Inventory levels have stabilized at approximately 16% of total revenue, allowing for increased production of new products in response to current demand [4]. Valuation Concerns - The current macroeconomic environment is challenging, with consumers remaining value-conscious, which has led to a loss of market share to value competitors [5]. - The stock has surged approximately 20% following the new CEO's appointment, trading at 11x forward PE, above the historical average of 8x over the past five years, indicating potential for downward re-rating if macro conditions do not improve [5]. Final Recommendation - The recommendation remains a hold for VSCO, as recent demand trends and the new CEO are positive, but the uncertain macroeconomic outlook warrants caution before making investment decisions [6].

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

Financial Performance - In Q2 2024, operating income increased by $36 million to $62 million, with an operating income rate of 4.4%, up from 1.8% in Q2 2023[65]. - Net sales decreased by $10 million, or 1%, to $1.417 billion compared to $1.427 billion in Q2 2023, with comparable sales down 3%[65]. - Adjusted operating income for Q2 2024 was $62 million, compared to $49 million in Q2 2023[69]. - Reported net income per diluted share was $0.40 in Q2 2024, compared to a loss of $0.02 in Q2 2023[70]. - Gross profit for Q2 2024 increased by $14 million to $501 million, with a gross profit rate of 35.4%, up from 34.1% in Q2 2023[82]. - Year-to-date 2024 net sales decreased by $57 million, or 2%, to $2.777 billion compared to $2.834 billion in year-to-date 2023[87]. - Year-to-date gross profit increased by $14 million to $1.003 billion, with a gross profit rate of 36.1%, up from 34.9% in year-to-date 2023[88]. Sales and Store Performance - North American store sales decreased by 2%, or $17 million, to $800 million compared to $817 million in Q2 2023[65]. - Direct channel sales decreased by 1%, or $4 million, to $430 million compared to $434 million in Q2 2023[65]. - Sales per average selling square foot decreased by 1% to $137 in Q2 2024, while year-to-date sales per average store decreased by 3% to $1,804[73]. - North America net sales in Q2 2024 decreased by $17 million, or 2%, to $800 million, while international net sales increased by $11 million, or 6%, to $187 million[81]. - North America year-to-date net sales decreased by $74 million, or 5%, to $1.529 billion, while international net sales increased by $36 million, or 11%, to $369 million[87]. Expenses and Income - General, administrative, and store operating expenses decreased by $22 million, or 5%, to $439 million in Q2 2024[84]. - Interest expense for year-to-date 2024 decreased by $3 million to $43 million compared to year-to-date 2023[90]. - The effective tax rate for year-to-date 2024 was 35.9%, down from 62.0% in year-to-date 2023[92]. - Net cash provided by operating activities for year-to-date 2024 was $1 million, a decrease of $18 million compared to year-to-date 2023, primarily due to an increase in net income of $27 million[99]. Capital Expenditures and Debt - Capital expenditures for year-to-date 2024 were $99 million, with an estimated total of approximately $200 million for fiscal year 2024, focusing on store capital programs and technology investments[100][101]. - Total long-term debt as of August 3, 2024, was $1,119 million, a decrease from $1,270 million as of July 29, 2023[107]. - The company entered into a Term Loan B credit facility of $400 million, maturing in August 2028, with quarterly principal payments of 0.25% starting December 2021[108]. - The company has a senior secured asset-based revolving credit facility (ABL Facility) with commitments of $750 million, expiring in August 2026, and outstanding borrowings of $145 million as of August 3, 2024[110]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period on August 3, 2024, were $169 million, compared to $131 million at the end of year-to-date 2023[98]. - The company has $483 million available under the ABL Facility as of August 3, 2024, an increase from $254 million as of July 29, 2023[96]. - Net cash used for investing activities year-to-date 2024 was $83 million, compared to $143 million in year-to-date 2023[100][101]. - The company believes its available short-term and long-term capital resources are sufficient to fund working capital and cash flow requirements over the next 12 months[93]. Strategic Initiatives - The company continues to focus on three strategic priorities: Accelerate Our Core, Ignite Growth, and Transform the Foundation[65]. - The financial impact of the Adore Me acquisition included pre-tax income of $5 million in Q2 2024, compared to a pre-tax expense of $18 million in Q2 2023[70]. - The company expects to utilize cash flows to invest in brands, talent, and strategic initiatives while repaying indebtedness over time[93]. - The March 2024 Share Repurchase Program authorized the repurchase of up to $250 million of common stock, with no shares repurchased year-to-date 2024[104]. Compliance and Ratings - The company is in compliance with all covenants under its long-term debt and borrowing facilities as of August 3, 2024[110]. - The company's credit ratings as of August 3, 2024, include Ba3 from Moody's for corporate rating and Ba2 from Moody's for senior secured debt[111].

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Victoria's Secret & Co. (VSCO) stock recently made a comeback despite registering a 10.5% decline in the past six months. VSCO has rallied 37.4% compared with the industry's 12.8% rise and the S&P 500's 8.7% increase in the past month. The upside signals a potential turnaround, capturing investors' attention and positioning VSCO as a stock to watch closely. As of Friday, the stock closed at $23.46, below its 52-week high of $30.80 but above its 52-week low of $13.62. It also underperformed other industry pl ...