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Here's What Key Metrics Tell Us About Victoria's Secret (VSCO) Q1 Earnings
VSCOVictoria’s Secret & (VSCO) ZACKS·2024-06-05 23:01

Financial Performance - Revenue for the quarter ended April 2024 was 1.36billion,a3.41.36 billion, a 3.4% decrease compared to the same period last year [1] - EPS for the quarter was 0.12, down from 0.28intheyearagoquarter[1]ThereportedrevenuematchedtheZacksConsensusEstimateof0.28 in the year-ago quarter [1] - The reported revenue matched the Zacks Consensus Estimate of 1.36 billion, while the EPS of 0.12exceededtheconsensusestimateof0.12 exceeded the consensus estimate of 0.11 by 9.09% [1] Stock Performance - Victoria's Secret shares have returned +24.8% over the past month, outperforming the Zacks S&P 500 composite's +3.4% change [3] - The stock currently has a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3] Key Metrics - Comparable Sales - Stores and Direct: -5%, worse than the -3.8% average estimate based on three analysts [4] - Comparable Sales - Stores Only: -8%, slightly worse than the -7.5% average estimate based on two analysts [4] - Total stores - Company-Operated: 828, slightly below the 829 average estimate based on two analysts [4] - Total stores - China Joint Venture: 71, slightly above the 70 average estimate based on two analysts [4] - Geographic Net Sales - Direct: 448.80million,exceedingthetwoanalystaverageestimateof448.80 million, exceeding the two-analyst average estimate of 439.03 million, but representing a year-over-year change of -3.4% [4]