Victoria's Secret (VSCO) first-quarter fiscal 2024 results are hurt by tough retail landscape and high competition in promotions.
While the top- and bottom-line numbers for Victoria's Secret (VSCO) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Victoria's Secret (VSCO) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.28 per share a year ago.
Victoria's Secret & Co. on Wednesday said it was “encouraged” by demand for its bras, sleepwear and other clothing in May, but the company said it was exercising restraint amid continued caution more broadly among the U.S. consumer.
Victoria's Secret's (VSCO) first-quarter 2024 performance is likely to have been hurt by the challenging North American retail environment and intense competition in the promotional space.
Victoria's Secret (NYSE: VSCO) stock price has slumped hard since going publc in 2021 as investors reflect on its slowing sales and market share losses. It has plunged to about $21, down by over 72% from its all-time high.
Victoria's Secret (VSCO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.