earnings
confidence high
sentiment neutral
materiality 0.75
Victoria's Secret Q4 2022 adjusted EPS $2.47 beats guidance; net sales $2.02B
Victoria's Secret & Co.
2022-FY EPS reported
$4.14
revenue$6,344,000,000
- Q4 2022 net sales $2.021B, down 7% YoY; comparable sales down 6%.
- GAAP diluted EPS $2.10; adjusted diluted EPS $2.47, above guidance of $2.25-$2.35.
- Adjusted operating income $280M, above guidance of $265M-$275M.
- Inventory down double digits vs prior year; initial FY2023 and Q1 2023 guidance provided.
- CEO cites challenging environment but brand repositioning on track; loyalty program and Adore Me integration underway.