Breaking: Victoria's Secret & Co. (VSCO) Reports Earnings ResultThe price of Victoria's Secret & Co. (VSCO) saw a notable uptick of 18% today gearing for a move to the $70 resistant amidst market turmoil.
Victoria’s Secret (VSCO) shares jumped on Friday after the lingerie retailer posted better-than-expected results and boosted its guidance as it cut back on promotions and raised prices.
The company reported a third-quarter loss of $0.46 per share, $0.13 lower than forecasts from Visible Alpha. Revenue increased 9.2% to $1.47 billion, also better than expected. Comparable store sales were up 5%. When including direct-to-consumer sales, they gained 8%.
Sales in North America increased 5.4% to $778 million, and direct-to-consumer sales rose 4.3% to $428.5 million. International sales jumped 33.5% to $264.8 million.
CFO Scott Sekella said adjusted gross margin grew 170 basis points, “driven by a reduced promotional approach and higher regular-priced selling, while leveraging the strength of our business model.” Victoria’s Secret remains “focused on managing costs while prioritizing investments in product innovation, brand strength, and customer experience,” he said.
The company raised its outlook for full-year adjusted EPS to between $2.40 and $2.65, and revenue to $6.45 billion to $6.48 billion. Previously, it anticipated adjusted EPS of $1.80 to $2.20, and revenue of $6.33 billion to $6.41 billion.
Financial Performance
In 2024, Victoria's Secret & Co.'s revenue was $6.23 billion, an increase of 0.78% compared to the previous year's $6.18 billion. Earnings were $165.00 million, an increase of 51.38%.
About VSCO
Victoria's Secret & Co. operates as a specialty retailer of women’s intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, apparel, sport, and swim products, as well as prestige fragrances and body care products; and loungewear, activewear, and accessories and beauty products under the Victoria’s Secret, PINK, and Adore Me brands.
