Victoria`s Secret & Co Aktie News

REYNOLDSBURG, Ohio, May 15, 2024 (GLOBE NEWSWIRE) -- In conjunction with the Victoria's Secret & Co. (NYSE: VSCO) first quarter 2024 earnings release, which will cross the wire after market close on Wednesday, June 5th, you are invited to listen to a live webcast of the conference call on Thursday, June 6th at 8:00 a.m. ET with Victoria's Secret & Co. executives.

Keeping an eye on what Barclays and other large investment banking firms can provide insights into a stock's market position. These price targets, like any other financial analysis, are predictions that cannot account for the human factors of a corporation, such as quality control, leadership, and productivity.

Sales, adjusted operating income, adjusted EPS at the high end or above guidance Reaffirms fiscal 2024 sales and adjusted operating income guidance REYNOLDSBURG, Ohio, May 09, 2024 (GLOBE NEWSWIRE) -- Victoria's Secret & Co. (“Victoria's Secret” or the “Company”) (NYSE: VSCO) today provided preliminary results for the first quarter 2024 ended May 4, 2024. Net sales, adjusted operating income, a...

Two months ago, intimates maker Victoria's Secret & Co. warned that demand would be weak in the months ahead, as higher prices for essentials keep more shoppers away from new lingerie. Analysts at Barclays on Wednesday said that forecast checks out.

Some of the biggest clothing and department-store chains rely on their own private-label credit cards to cushion their bottom lines. Those cards, often laden with incentives, keep shoppers coming back, and give retailers reams of consumer data that feed ever more persistent marketing efforts.

Victoria's Secret shares have plummeted nearly 60% since November 2022 when we last sell-rated the stock. The company's quarter was decent, but the forward guidance caused the stock to collapse, and we see it settling out in the mid-teens. While there are opportunities for international growth, operational expenses and sales weakness in North America are weighing.

Victoria's Secret delivered slightly better-than-expected holiday-quarter results. Its forward sales guidance was well below expectations.

“As we look into the new year, we recognize the broader intimates market in North America has been down for four consecutive quarters.”