Victoria's Secret & Co VSCO shares were among the top 10 mid-cap gainers last week.
Victoria's Secret (VSCO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Victoria's Secret & Co. reported its first positive comparable sales quarter in Q3 2024, with international sales driving a 3% increase. The stock price has surged 200% since the new CEO's appointment, leading to concerns of overvaluation despite improved guidance. Achieving a decent return requires belief in sustained mid-single-digit revenue growth and doubling operating margins, which carries significant risk.
Victoria's Secret & Co. has shown significant improvement, with Q3 net sales up 7% and comparable sales increasing 3%, surpassing expectations. Despite a net loss, the adjusted net loss was better than guidance, indicating strong operational performance and effective cost control. Management's positive Q4 guidance and increased full-year outlook suggest continued momentum, but the retail environment remains challenging with inflation pressures.
VSCO's third-quarter fiscal 2024 results are aided by strong performance across all regions, channels and major product categories.
Victoria's Secret & Co. (NYSE:VSCO ) Q3 2024 Earnings Conference Call December 6, 2024 8:00 AM ET Company Participants Kevin Wynk - VP, External Financial Reporting & IR Hillary Super - CEO Tim Johnson - CFO Conference Call Participants Simeon Siegel - BMO Capital Markets Brooke Roach - Goldman Sachs Alex Straton - Morgan Stanley Ike Boruchow - Wells Fargo Matthew Boss - JPMorgan Dana Telsey - Telsey Group Adrienne Yih - Barclays Jonna Kim - TD Cowen Mauricio Serna - UBS Operator Good morning. My name is Amanda and I will be your conference operator today.
Victoria's Secret (VSCO) shares are rising in premarket trading after the lingerie retailer boosted its sales outlook as it builds on strong Thanksgiving weekend sales.
While the top- and bottom-line numbers for Victoria's Secret (VSCO) give a sense of how the business performed in the quarter ended October 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 a quarterly loss of $0.50 per share versus the Zacks Consensus Estimate of a loss of $0.64. This compares to loss of $0.86 per share a year ago.
Victoria's Secret on Thursday raised its full-year sales outlook after making gains via the back-to-school season and a new sportswear launch, noting that improved performance in the third quarter had continued through Black Friday and Cyber Monday.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Victoria's Secret (VSCO), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2024.
VSCO's third-quarter 2024 results are likely to reflect strong performances in key product categories like sports bras, PINK apparel and beauty.