secwatch.observer — SEC 8-K summary
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Issuer:     Victoria's Secret & Co. (VSCO)
CIK:        0001856437
Form:       8-K
Filed at:   2022-05-31T23:59:59+00:00
Accession:  0001856437-22-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Victoria's Secret Q1 adjusted EPS $1.11 beats guidance; net sales down 4.5%; Q2 outlook below prior year
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856437/000185643722000018/0001856437-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856437/000185643722000018/vsco-20220527.htm
  HTML page:      https://secwatch.observer/filing/0001856437-22-000018

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