secwatch.observer — SEC 8-K summary
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Issuer:     Victoria's Secret & Co. (VSCO)
CIK:        0001856437
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0001856437-24-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VSCO Q1 adjusted EPS $0.12, sales $1.359B; reaffirms FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856437/000185643724000012/0001856437-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856437/000185643724000012/vsco-20240605.htm
  HTML page:      https://secwatch.observer/filing/0001856437-24-000012

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