earnings
confidence high
sentiment neutral
materiality 0.70
VSCO Q1 adjusted EPS $0.12, sales $1.359B; reaffirms FY guidance
Victoria's Secret & Co.
2024-Q1 EPS reported
-$0.05
revenue$1,359,000,000
- Q1 net loss $4M ($0.05 diluted); adjusted net income $9M ($0.12 diluted) vs $0.28 adjusted EPS YoY.
- Net sales $1.359B down 3% YoY; comparable sales down 5%.
- Q2 outlook: net sales down low-single digit; adjusted OP income $30-45M; adjusted EPS $0.05-0.20.
- FY2024 reaffirmed: net sales ~$6.0B; adjusted OP income $250-275M.
- Leading proxy advisors recommend FOR all director nominees, say-on-pay, and stock plan amendment.