earnings
confidence high
sentiment neutral
materiality 0.75
Victoria's Secret Q1 adjusted EPS $1.11 beats guidance; net sales down 4.5%; Q2 outlook below prior year
Victoria's Secret & Co.
2022-Q1 EPS reported
$0.93
revenue$1,484,000,000
- Q1 net sales $1.484B, down 4.5% YoY; comparable sales down 8%.
- Diluted EPS $0.93; adjusted EPS $1.11, above guidance of $0.70-$0.95.
- Operating income $94.1M (adjusted $115.8M) vs $225.7M last year; supply chain costs and stimulus anniversary cited.
- Q2 guidance: sales flat to down low-single-digits; EPS $0.95-$1.25 vs $1.71 last year.
- Repurchased $110M of shares (~2.2M) under $250M FY2022 program.