earnings
confidence high
sentiment positive
materiality 0.75
Victoria's Secret Q3 sales up 7% YoY, beats guidance; raises full-year outlook
Victoria's Secret & Co.
2024-Q3 EPS reported
-$0.36
revenue$4,124,000,000
- Q3 net sales $1.347B (+7% YoY); comp sales +3%; net loss $56M ($0.71/sh) vs loss $71M last year.
- Adjusted net loss $39M ($0.50/sh) beats guidance range of $0.60-$0.80 loss; adjusted operating loss $28M vs guided $40M-$60M.
- FY2024 raised: net sales +1% to +2% (prior -1%); adjusted operating income $315M-$345M (prior $275M-$300M).
- Q4 guidance: net sales +2% to +4%; adjusted operating income $240M-$270M; adjusted EPS $2.00-$2.30.
- International sales grew 20+% YoY; CEO cites broad strength across all brands and channels.