Victoria's Secret & Co. (VSCO) Tops Q1 EPS by 4c, Offers Guidance

Victoria's Secret & Co. (NYSE: VSCO) reported Q1 EPS of $0.12, $0.04 better than the analyst estimate of $0.08. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.36 billion.

GUIDANCE:

Victoria's Secret & Co. sees Q2 2025 EPS of $0.05-$0.20, versus the consensus of $0.08.

• The Company is forecasting second quarter 2024 net sales to decrease in the low-single digit range compared to last year’s second quarter net sales of $1.427 billion. At this forecasted level of sales, adjusted operating income for the second quarter of 2024 is expected to be in the range of $30 million to $45 million. Adjusted net income for the second quarter of 2024 is estimated to be in the range of $0.05 to $0.20 per diluted share.
• The Company is reaffirming its full year outlook and is forecasting 52-week fiscal year 2024 net sales to be about $6.0 billion, or down low-single digits compared to a comparative 52-weeks from fiscal year 2023. At this forecasted level of sales, adjusted operating income for fiscal year 2024 is expected to be about $250 million to $275 million.

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

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