Victoria's Secret (VSCO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Victoria's Secret (VSCO) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
The intimate apparel specialist had quite an eventful week. It named a new CEO and provided a set of preliminary second-quarter results.
Hillary Super will be its next CEO. She most recently led Savage X Fenty and was also global CEO of Anthropologie.
Victoria's Secret (VSCO) shares jumped in intraday trading Wednesday after the company appointed a new chief executive and posted preliminary second-quarter adjusted earnings per share (EPS) that topped prior guidance.
Victoria's Secret & Co. (NYSE:VSCO) shares jumped Wednesday morning after the lingerie firm said it has appointed Hillary Super, formerly of Savage X Fenty, as its new CEO. Super, who previously led Anthropologie and Savage X Fenty, succeeds Martin Waters.
Victoria's Secret (NYSE: VSCO ) stock is on the move Wednesday after the women's apparel company announced that Hillary Super will be taking over as its next CEO. Super is replacing Martin Waters as board member and CEO of Victoria's Secret.
Shares of lingerie brand Victoria's Secret were up as much as 18% in premarket trading Wednesday morning after the struggling brand announced it would hire Hillary Super, former CEO of Rihanna's popular Savage x Fenty brand, as its new chief executive.
The premarket trading session can be an exciting one.
VSCO's sales and earnings continue to decline, despite meeting analyst estimates. The macroeconomic environment has deteriorated, with weakening consumer sentiment. Low price multiples do not make VSCO a value play based on its fundamentals.
Victoria's Secret & Co. (NYSE:VSCO) shares fell almost 5% after the lingerie retailer swung into the red during the first quarter. It posted a net loss of $4 million or $0.05 per share compared to a profit of $1 million or $0.01 per share for the same period in 2023.
Victoria's Secret & Co. (NYSE:VSCO ) Q1 2024 Earnings Conference Call June 6, 2024 8:00 AM ET Company Participants Kevin Wynk - VP, External Financial Reporting & IR Martin Waters - Chief Executive Officer Tim Johnson - Chief Financial Officer Conference Call Participants Simeon Siegel - BMO Capital Markets Dana Telsey - Telsey Group Lorraine Hutchinson - Bank of America Brooke Roach - Goldman Sachs Ike Boruchow - Wells Fargo Warren Cheng - Evercore ISI Jonna Kim - TD Cowen Alex Straton - Morgan Stanley Marni Shapiro - The Retail Tracker Operator Good morning. My name is Ivy, and I will be your conference operator today.