earnings
confidence high
sentiment neutral
materiality 0.75
Victoria's Secret Q4 EPS $2.70 beats guidance; Q1 outlook weak; new $250M buyback
Victoria's Secret & Co.
2021-FY EPS reported
$7.18
revenue$6,785,000,000
- Q4 diluted EPS $2.70 vs guidance $2.35-$2.65; net sales $2.175B (+4% YoY).
- FY2021 net income $646.4M ($7.18 per share) vs FY2020 net loss; sales $6.785B (+25%).
- Completed $250M ASR (avg price $56.39/share); board authorized new $250M buyback program.
- Q1 2022 guidance: sales $1.425B-$1.495B vs $1.554B prior year; EPS $0.70-$0.95 vs $1.97.
- FY2022 sales flat to up low-single digits; operating income directionally in line with 2021's $869.5M.