Victoria's Secret & Co. (VSCO) Tops Q2 EPS by 12c; Lowers Outlook

Victoria's Secret & Co. (NYSE: VSCO) reported Q2 EPS of $1.09, $0.12 better than the analyst estimate of $0.97. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.56 billion.

GUIDANCE:

Victoria's Secret & Co. sees Q3 2022 EPS of $0.00-$0.25, versus the consensus of $0.81. The Company is forecasting third quarter 2022 net sales to decrease in the high single digit range compared to last year’s third quarter net sales of $1.441 billion.

Full Year 2022 Outlook: The Company is forecasting full year 2022 net sales to decrease in the mid to high single digit range compared to last year’s full year net sales of $6.785 billion. At this forecasted level of sales, adjusted operating income is expected to be in the range of $525 million to $575 million, or approximately 8% to 9% of sales.

For earnings history and earnings-related data on Victoria's Secret & Co. (VSCO) click here.

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