Victoria's Secret & Co. is a leading retailer specializing in women's lingerie, apparel, and beauty products
The company is widely recognized for its iconic branding, including its annual fashion shows and its signature pink branding. Victoria's Secret focuses on delivering fashionable and high-quality products that appeal to a diverse range of customers, promoting confidence and empowerment through its offerings. In addition to its core lingerie line, the brand has expanded its portfolio to include sleepwear, loungewear, and beauty products, positioning itself as a comprehensive lifestyle brand for women. Through a combination of brick-and-mortar retail locations and an online presence, Victoria's Secret aims to enhance the shopping experience while maintaining a strong connection with its customer base.
Shares of intimatewear and beauty retailer Victoria’s Secret (NYSEVSCO)
fell 6.5% in the pre-market session after the company appointed a new CFO, Scott Sekella, who most recently served as CFO of fabric and crafts retailer Joann and previously held financial leadership roles at Under Armour and Crocs. In conjunction with this appointment, the company raised the midpoint of Q4 guidance for sales, operating income, and adjusted EPS. The market seemed to be looking for a more convincing raise, as the holiday season seemed to be a strong one for Victoria's Secret and other specialty retailers. This can be seen by the recent strong stock price performance, which seemed to bake in the good news prior to this announcement.
Victoria's Secret & Co. (NYSEVSCO) shares are trading lower Wednesday after the company announced the retirement of Chief Financial and Administrative Officer Timothy Johnson and the appointment of Scott Sekella as the new Chief Financial Officer.
The past six months have been a windfall for Victoria's Secret’s shareholders. The company’s stock price has jumped 112%, hitting $38.60 per share. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Shares of intimatewear and beauty retailer Victoria’s Secret (NYSEVSCO)
jumped 9.3% in the morning session after the company reported a "beat and raise" quarter. Third-quarter results significantly blew past analysts' revenue and earnings expectations. Revenue reflected mid-single digit growth in North America and more than 20% growth from International markets. Given the strong result, the management raised full-year sales outlook, implying the momentum is expected to be sustained. Its EPS guidance for next quarter also outperformed Wall Street's estimates. Zooming out, we think this was a good quarter with some key areas of upside.
Intimatewear and beauty retailer Victoria’s Secret (NYSEVSCO) announced better-than-expected revenue in Q3 CY2024, with sales up 6.5% year on year to $1.35 billion. Its non-GAAP loss of $0.50 per share was 20% above analysts’ consensus estimates.
Shares of intimatewear and beauty retailer Victoria’s Secret (NYSEVSCO)
jumped 9.4% in the afternoon session after data from Adobe Analytics, which tracks retail transactions, revealed that shoppers spent a record $10.8 billion online on Black Friday (2024), representing more than a 10% growth compared to the previous year, and more than double what consumers spent in 2017. This is a bullish 'read-through' for retailers and aligns with some of the positive sentiments and holiday spending trends observed by some of the companies that have reported this earnings season.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at apparel retailer stocks, starting with American Eagle (NYSEAEO).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how apparel retailer stocks fared in Q2, starting with Victoria's Secret (NYSEVSCO).
