earnings
confidence high
sentiment positive
materiality 0.85
Victoria's Secret Q2 adj EPS $0.40 vs $0.24; raises FY24 operating income guidance to $275-300M
Victoria's Secret & Co.
2024-Q2 EPS reported
$0.35
revenue$2,777,000,000
- Q2 net sales $1.417B (-1% YoY); comparable sales -3%; operating income $62M vs $26M.
- Adjusted EPS $0.40 vs $0.24; net income $32M vs net loss $1M in prior year.
- Raises FY24 adj operating income guidance to $275-300M (from $250-275M); Q3 adj operating loss $40-60M.
- Fourth consecutive quarter of sequential sales improvement in North America; first YoY operating income growth since 2021.
- International and Adore Me sales up high-single digits; early fall feedback encouraging.