secwatch.observer — SEC 8-K summary
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Issuer:     Victoria's Secret & Co. (VSCO)
CIK:        0001856437
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001856437-23-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Victoria's Secret Q1 net income drops to $1M from $81M; sales down 5%
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- Q1 2023 net income of $1M ($0.01 diluted EPS) vs $81M ($0.93) in Q1 2022.
- Adjusted net income of $22M ($0.28 diluted EPS) vs $97M ($1.11) last year.
- Net sales of $1.407B, down 5% YoY; comparable sales declined 11%.
- Operating income $28M vs $94M; adjusted operating income $55M vs $116M.
- Provides Q2 and updated FY2023 guidance (specific figures not in this excerpt).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856437/000185643723000018/0001856437-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856437/000185643723000018/vsco-20230525.htm
  HTML page:      https://secwatch.observer/filing/0001856437-23-000018

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