earnings
confidence high
sentiment negative
materiality 0.75
Victoria's Secret Q2 EPS $0.83 ($1.09 adj.); net sales down 6% to $1.521B; Q3 guidance weak
Victoria's Secret & Co.
2022-Q2 EPS reported
$1.76
revenue$3,005,000,000
- Q2 net income $70M ($0.83 diluted EPS); adjusted diluted EPS $1.09 near midpoint of guidance.
- Net sales $1.521B, down 6% YoY; comparable sales decreased 8%.
- Q3 guidance: net sales down high single digits; operating income $10-40M; EPS $0.00-0.25.
- Full-year 2022: net sales down mid-to-high single digits; adjusted operating income $525-575M.
- Repurchased $62M of shares in Q2 ($171M YTD) under $250M authorization.