earnings
confidence high
sentiment positive
materiality 0.80
Victoria's Secret Q4 adjusted EPS $2.58, at high-end guidance; announces $250M buyback
Victoria's Secret & Co.
2023-FY EPS reported
$1.39
revenue$6,182,000,000
- GAAP net income $181M ($2.29 diluted); adjusted net income $204M ($2.58), at high-end of guidance.
- Net sales $2.082B (+3% vs $2.021B prior year); comparable sales down 6%; extra week added ~$80M.
- Full-year 2024 guidance: adjusted operating income $250M-$300M; net sales flat to down low-single-digit.
- Board approved $250M share repurchase program; year-end debt down over $150M YoY.
- International sales up 24% in Q4; company plans aggressive global expansion.