Victoria`s Secret & Co Stock News

Victoria's Secret's 2Q24 results showed improved guidance, a new CEO, and operating income growth, but comparable sales remain challenged, especially in North America. Despite better guidance, the quarter's margin improvement is partly due to calendar shifts and lower product costs, not a fundamental turnaround. The stock's P/E multiple of 12x is fair but not opportunistic, given ongoing same-s...

Featuring dynamic talent Gigi Hadid, Paloma Elsesser, Taylor Hill and more embodying the unmatched style and innovation of the collection NEW YORK, Sept. 12, 2024 /PRNewswire/ -- Today, Victoria's Secret announced the return of VSX – an all-new collection that is the intersection of performance, comfort and fashion.

I recommend a hold rating for Victoria's Secret due to a challenging macro environment and the stock's elevated valuation despite positive leadership changes. The new CEO, Hillary Super, brings relevant industry expertise and a fresh perspective, instilling confidence in a potential turnaround. The market's optimism about the new CEO is reflected in a 20% share price surge, but macroeconomic un...

Victoria's Secret posted Q2 revenue and earnings beats last night. However, continued same-store sales declines weighed on the stock today.

Victoria's Secret & Co. (NYSE:VSCO ) Q2 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Kevin Wynk - VP, External Financial Reporting & IR Tim Johnson - Interim CEO & CFO Conference Call Participants Ike Boruchow - Wells Fargo Alex Straton - Morgan Stanley Corey Tarlowe - Jefferies Brooke Roach - Goldman Sachs Mauricio Serna - UBS Simeon Siegel - BMO Capital Market...

Victoria's Secret & Co. (NYSE:VSCO) reported second-quarter net sales of $1.417 billion, marking a 1% decrease from the previous year, but tempered this by raising its full-year financial forecasts. Comparable sales dipped by 3%, yet the results were at the upper of consensus.

Victoria's Secret & Co.'s VSCO, +0.65% stock was up 3% in extended trading Wednesday after the intimate-apparel company swung to a profit in its second-quarter results and raised its 2024 sales outlook, boosted by North America sales. The company reported net income of $32 million, or 40 cents a share, after a net loss of $1 million, or a loss of 2 cents a share, in the prior year's quarter.

Sales performance sequentially improved for fourth consecutive quarter Quarterly operating income growth for first time since 2021 Raises full year 2024 outlook and provides third quarter guidance REYNOLDSBURG, Ohio, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Victoria's Secret & Co. (“Victoria's Secret” or the “Company”) (NYSE: VSCO) today reported financial results for the second quarter ended August 3...