Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Financial Data and Key Metrics Changes - The company reported net sales of $1.47 billion, an increase of 9% year-over-year, with adjusted gross margin expansion of 170 basis points and earnings growth of 45% [8][27][32] - Adjusted operating income for the third quarter was break-even, better than the guidance of an adjusted operating loss of $35 million to $55 million [33][34] - Adjusted net loss per share was $0.27, significantly better than the guidance of $0.55 to $0.75 [34] Business Line Data and Key Metrics Changes - The intimates business returned to growth, up mid-single digits, gaining over 1% share in the U.S. intimates market [6][15] - PINK achieved double-digit sales growth, with a notable return to growth in intimates for the first time in years [17][19] - The beauty business grew low single digits, building on last year's mid-teens increase [20][30] Market Data and Key Metrics Changes - International retail sales grew over 30% during the quarter, driven by exceptional performance in China, particularly in the digital channel [8][31] - The company gained over 1% market share in the U.S. intimates market despite the overall market decline [24][30] Company Strategy and Development Direction - The company is focused on a "Path to Potential" strategy built around four pillars: supercharging bra authority, recommitting to PINK, fueling growth in beauty, and evolving brand projection [5][13][19] - The strategy aims to enhance customer acquisition and retention, with a strong emphasis on innovation and emotional connection with customers [12][14][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to execute the strategy and deliver strong results, particularly heading into the holiday season [25][45] - There is caution regarding potential consumer pullback post-holiday, but the company remains optimistic about maintaining momentum [45][76] Other Important Information - The company raised its full-year outlook for net sales to a range of $6.45 billion to $6.48 billion, compared to previous guidance [36][37] - Adjusted operating income guidance for fiscal year 2025 was raised to $350 million to $375 million [37] Q&A Session Summary Question: How is the company maintaining momentum post-fashion show? - Management noted strong traffic and engagement, particularly in stores, and emphasized the importance of the Path to Potential initiatives [48][49] Question: Can you elaborate on strategies to reduce promotions? - The company is pulling back on promotions while utilizing gifts with purchase (GWPs) to drive customer engagement and higher average order values [51][52] Question: What is the profile of new customers being acquired? - New customer acquisition is focused on the 18-24 age group, with a noted increase in higher average order values [55][56] Question: Is a low double-digit EBIT margin achievable? - Management believes a low double-digit operating margin is achievable over the next couple of years, supported by growth and disciplined expense management [58][59]

Financial Performance - Q3 2025 - Net sales increased by 9%, driven by growth across Victoria's Secret, PINK, and Beauty[4] - International net sales surged by 34%[4] - Adjusted gross margin improved by 170 basis points to 365%[4,7] - Adjusted operating income reached $0 million, exceeding the guidance of an adjusted operating loss of ($35 million) - ($55 million)[4] - Adjusted EPS was reported at ($027), surpassing the guidance of ($055) - ($075)[6] Financial Performance - Year-to-Date 2025 - Net sales increased by 4% to $42836 million[9] - Operating income increased by 18% to $868 million[9] - Net income attributable to Victoria's Secret & Co increased by 1036% to $125 million[9] - Net income per diluted share attributable to Victoria's Secret & Co increased by 1400% to $015[9] Outlook - The company anticipates full-year net sales to be approximately $645 billion to $648 billion[14] - The company anticipates full-year adjusted operating income to be approximately $350 million to $375 million[14]

Victoria's Secret (VSCO) shot higher in early trading after setting a positive tone on the holiday season with its third-quarter earnings report. Sales rose 9% to $1.35 billion during the quarter that ended on November 1 to top the consensus estimate, driven ...

Despite a third-quarter earnings beat and a viral marketing campaign featuring mega stars, American Eagle Outfitters Inc. (NYSE:AEO) is flashing a potential warning signal in its underlying fundamentals.Check out AEO’s stock price here.AEO Stock Soars, But Fundamentals Flash WarningWhile the stock price surged following the earnings report, Benzinga Edge’s Stock Rankings data reveals that the company’s quality score has deteriorated, dropping from the 12.22 percentile to a troubling 3.05 percentile week-on- ...

Despite a third-quarter earnings beat and a viral marketing campaign featuring mega stars, American Eagle Outfitters Inc. (NYSE:AEO) is flashing a potential warning signal in its underlying fundamentals.Check out AEO’s stock price here.AEO Stock Soars, But Fundamentals Flash WarningWhile the stock price surged following the earnings report, Benzinga Edge’s Stock Rankings data reveals that the company’s quality score has deteriorated, dropping from the 12.22 percentile to a troubling 3.05 percentile week-on- ...

Core Insights - Victoria's Secret achieved its highest quarterly sales growth in over four years, indicating a significant turnaround in performance [1] Sales Performance - The chain reduced promotions and focused on selling more products at full price, which contributed to the sales growth [1]

Core Insights - Victoria's Secret & Co. reported a strong third quarter for fiscal year 2025, with net sales of $1.472 billion, a 9% increase from $1.347 billion in the same quarter of 2024, exceeding previous guidance [3][7] - The company is raising its full-year outlook for net sales and adjusted operating income, indicating confidence in continued growth and a successful holiday season [6][7] Financial Performance - Net sales for the third quarter of 2025 were $1.472 billion, up 9% from $1.347 billion in Q3 2024, and total comparable sales increased by 8% [3][4] - The operating loss for Q3 2025 was $19 million, an improvement from a loss of $47 million in Q3 2024, while the net loss was $37 million, or $0.46 per diluted share, compared to a net loss of $56 million, or $0.71 per diluted share, in the prior year [4][23] - Adjusted operating income for Q3 2025 was breakeven at $0 million, better than the previously communicated guidance of an adjusted operating loss of $35 million to $55 million [5][27] Outlook - The company raised its full-year net sales forecast to a range of $6.450 billion to $6.480 billion, up from the previous guidance of $6.330 billion to $6.410 billion [6] - For Q4 2025, net sales are expected to be between $2.170 billion and $2.200 billion, compared to $2.106 billion in Q4 2024, with adjusted operating income projected to be between $265 million and $290 million [7][31] Strategic Initiatives - The CEO emphasized the execution of the "Path to Potential" strategy, which focuses on global growth, brand distinctiveness, and enhancing customer experience [2][6] - The company is prioritizing investments in product innovation and brand strength while managing costs effectively [2][4]

Victoria’s Secret & Co. (NYSE:VSCO) will release earnings results for the third quarter before the opening bell on Friday, Dec. 5.Analysts expect the Reynoldsburg, Ohio-based company to report a quarterly loss at 59 cents per share, versus a year-ago loss of 50 cents per share. The consensus estimate for Victoria’s Secret quarterly revenue is $1.41 billion, compared to $1.35 billion a year earlier, according to data from Benzinga Pro.On Aug. 28, Victoria’s Secret reported better-than-expected second-quarter ...

Earnings Expectations - Victoria's Secret & Co. is set to release its third-quarter earnings results on December 5, with analysts predicting a loss of 59 cents per share, compared to a loss of 50 cents per share in the same quarter last year [1] - The consensus estimate for quarterly revenue is $1.41 billion, an increase from $1.35 billion a year earlier [1] Recent Performance - On August 28, Victoria's Secret reported better-than-expected second-quarter earnings and sales results, yet shares fell by 2.2% to close at $41.57 [2] Analyst Ratings and Price Targets - Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating and raised the price target from $29 to $45 [4] - JP Morgan analyst Matthew Boss kept a Neutral rating and increased the price target from $27 to $28 [4] - Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating and raised the price target from $20 to $27 [4] - UBS analyst Jay Sole maintained a Neutral rating and increased the price target from $21 to $25 [4] - Wells Fargo analyst Ike Boruchow maintained an Underweight rating and raised the price target from $14 to $17 [4]