Victoria's Secret & Co. (VSCO) Misses Q3 EPS by 7c, Offers Guidance

Victoria's Secret & Co. (NYSE: VSCO) reported Q3 EPS of ($0.86), $0.07 worse than the analyst estimate of ($0.79). Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.27 billion.

GUIDANCE:

Victoria's Secret & Co. sees Q4 2024 EPS of $2.20-$2.60, versus the consensus of $2.40.

• ourth Quarter and Full Year 2023 OutlookThe Company is forecasting fourth quarter 2023 net sales to increase in the range of 2% to 4% compared to last year’s fourth quarter net sales of $2.021 billion. At this forecasted level of sales, adjusted operating income for the fourth quarter of 2023 is expected to be in the range of $245 million to $285 million. Adjusted net income for the fourth quarter of 2023 is estimated to be in the range of $2.20 to $2.60 per diluted share.
• The Company is forecasting full year 2023 net sales to decrease in the range of 2% to 3% compared to last year. At this forecasted level of sales, adjusted operating income for the year is expected to be in the range of $290 million to $330 million. Adjusted net income for the full year 2023 is estimated to be in the range of $1.85 to $2.25 per diluted share.

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

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