secwatch.observer — SEC 8-K summary
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Issuer:     Victoria's Secret & Co. (VSCO)
CIK:        0001856437
Form:       8-K
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001856437-22-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Victoria's Secret Q4 EPS $2.70 beats guidance; Q1 outlook weak; new $250M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856437/000185643722000004/0001856437-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856437/000185643722000004/vsco-20220302.htm
  HTML page:      https://secwatch.observer/filing/0001856437-22-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer