Victoria's Secret Q3 net loss $71M, sales down 4%; November trends improve

Victoria's Secret & Co.

2023-Q3 EPS reported -$0.93 revenue$4,099,000,000

Net loss of $71M ($0.92 diluted EPS) vs net income of $24M ($0.29) in Q3 2022.
Net sales $1.265B, down 4% YoY; comparable sales decreased 7%.
Adjusted net loss $66M ($0.86 diluted EPS) within guidance range of $0.70-$0.90 loss per share.
Operating loss $67M; adjusted operating loss $60M, in line with guidance of $45M-$65M loss.
November sales and margin best monthly performance in nearly two years; management sees holiday momentum.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Victoria's Secret & Co. reported third quarter ended October 28, 2023 results: revenue $1.265 billion, net income net loss of $71 million, EPS $0.92 per diluted share.

Period: third quarter ended October 28, 2023
Revenue: $1.265 billion
Net income: net loss of $71 million
EPS: $0.92 per diluted share
Result: reported results

Exact text from the filing

of $45 million to $65 million. Third quarter 2022 net income was $24 million, or $0.29 per diluted share, and operating income was $43 million. The Company reported net sales of $1.265 billion for the third quarter of 2023, a decrease of 4% compared to net sales of $1.318 billion in the prior year third quarter and at the midpoint of our previously communicated

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Source: SEC EDGAR

accession 0001856437-23-000031

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