Victoria's Secret Q1 preliminary results beat guidance; FY2024 reaffirmed

Victoria's Secret & Co.

2024-Q1 EPS reported -$0.05 revenue$1,359,000,000

Q1 net sales decline 3-4% vs guidance of 4-6% decline.
Adjusted operating income $35-40M, above guidance range of $10-35M.
Adjusted EPS $0.07-0.12, above guidance range of ($0.15)-$0.10.
CEO cites improving trends in stores and digital for both Victoria's Secret and PINK.
International sales grew mid-teens; FY2024 sales and adj. op. income guidance reaffirmed.

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 0.95

Victoria's Secret & Co. updated its first quarter 2024 ended May 4, 2024 guidance (reaffirmed).

Period: first quarter 2024 ended May 4, 2024
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

Victoria’s Secret & Co. Provides First Quarter 2024 Preliminary Results Sales, adjusted operating income, adjusted EPS at the high end or above guidance Reaffirms fiscal 2024 sales and adjusted operating income guidance

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Source: SEC EDGAR

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