When a retailer falls, it falls quickly. Lauren Sherman and Chantal Fernandez are co-authors of Selling Sexy: Victoria's Secret and the Unraveling of an American Icon. In this podcast, they join Motley Fool host Mary Long to talk about topics including: What Les Wexner understood about American consumers. The new competition for Victoria's Secret. Lessons for retailers from Abercrombie & Fitch. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started invest ...

It was in May 2023 that we last discussed Victoria's Secret (NYSE: VSCO ). We discussed the company's rise and fall at the time, as well as the reasons we believe VSCO has the potential Our mission is to help investors to grow their fortune and enjoy investing along the way. Our approach is investing in companies making a difference and creating phenomenon value for human societies. We hedge our portfolio with short positions on companies failing to take care of their customers and utilize resources economi ...

文章核心观点 - Victoria's Secret时隔6年重启其著名的时装秀[1][2] - 时装秀邀请了众多知名模特和音乐人参与,包括吉吉·哈迪德、贝拉·哈迪德、泰拉·班克斯和阿德里亚娜·利马等[1] - 时装秀首次邀请了跨性别模特Valentina Sampaio和Alex Consani参与[1][2] - 凯特·莫斯在女儿Lila之后也出现在了时装秀的T台上[3][4] - 泰拉·班克斯时隔20年再次参与了维多利亚的秘密时装秀,并担任了闭场表演[5] - 阿德里亚娜·利马也在时装秀上重新亮相,此前她在2018年宣布退役[5] 时装秀概况 - 维多利亚的秘密时装秀始于1995年,曾经每年吸引数百万观众观看[2] - 但在2019年时装秀收视率创新低后被取消[2] - 时装秀曾因缺乏多样性而受到批评[2] - 时装秀现在宣称"庆祝所有女性"[2] 时装秀表演 - 时装秀邀请了歌手雪儿(Cher)担任表演嘉宾,她演唱了1998年的两首单曲《Believe》和《Strong Enough》[4][5] - 雪儿的表演引领了时装秀首次全女性音乐表演阵容,包括K-pop歌手Lisa和南非歌手Tyla[4][5] - 美国演员迪伦·斯普劳斯也到场支持了自己的模特妻子芭芭拉·帕尔文[5]

Victoria's Secret & Co. (VSCO) is currently trading at a compelling discount than its industry peers. With a forward 12-month Price/Earnings ratio of 11.76X, the stock is priced significantly below the industry average of 29.16X and the broader Consumer Discretionary sector's 18.43X, presenting a potential value opportunity. In the past three months, VSCO has delivered an impressive 30.9% gain, outpacing the industry's 22.8% increase and the S&P 500's 1.4% rise. The company has also outperformed other indus ...

Victoria's Secret & Co. VSCO shares are trading higher on Wednesday. Barclays analyst Adrienne Yih upgraded Victoria's Secret to Equal Weight from Underweight and raised the price target to $25 from $23. The analyst writes that the company has moved past its most challenging period. Despite a significant loss of market share in recent years, VSCO still holds around 20% of the U.S. intimate market. The analyst says that they are more positive about the company due to the new management team's industry experi ...

Victoria's Secret (NYSE: VSCO ) 2Q24 results came with a lot of surprises: a new CEO, improved guidance, and the first quarter with growth in operating income since 2021. Sales were down on an absolute and comparable basis, but the Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, t ...

Featuring dynamic talent Gigi Hadid, Paloma Elsesser, Taylor Hill and more embodying the unmatched style and innovation of the collection NEW YORK, Sept. 12, 2024 /PRNewswire/ -- Today, Victoria's Secret announced the return of VSX – an allnew collection that is the intersection of performance, comfort and fashion. Versatile in style and functionality, VSX offers the ultimate collection of bold, cutting-edge styles to wear day-to- night. Taylor Hill for Victoria's Secret Photo by Zoey GrossmanTaylor Hill fo ...

Robert Way Investment Action I recommended a hold rating for Victoria's Secret (NYSE:VSCO) when I wrote about it in November last year, as I was disappointed by management's failure to deliver against its guidance and that SSSG remained weak. Based on my current outlook and analysis, I recommend a hold rating. I am positive about the new CEO given her strong set of expertise and relevant experience in this industry. However, I think it is not the right time to invest today given the negative macro outlook, ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

财务表现 - 公司第二季度营业收入增加3600万美元至6200万美元，营业收入率从上年同期的1.8%提高至4.4%[76] - 2023年第二季度净销售额为14.17亿美元，同比下降1%[90] - 2024年第二季度毛利润增加1400万美元至5.01亿美元，毛利率从34.1%增加至35.4%[91] - 2024年第二季度一般、行政和店铺运营费用下降2200万美元至4.39亿美元，费用率从32.3%下降至31.0%[93] - 2024年前两个季度净销售额为27.77亿美元，同比下降2%[94][95] - 2024年前两个季度毛利润增加1400万美元至10.03亿美元，毛利率从34.9%增加至36.1%[97] - 2024年前两个季度一般、行政和店铺运营费用下降2100万美元至9.14亿美元，费用率从33.0%下降至32.9%[98] 销售渠道表现 - 北美门店销售额下降2%至8亿美元，主要由于客流量增加未能抵消转化率和平均单价下降的影响[76] - 直营渠道销售额下降1%至4.3亿美元，主要由于转化率下降抵消了客流量和平均单价上升的影响[76] 战略重点 - 公司继续专注于三大战略重点:加速核心业务、点燃增长、转型基础设施[76] 收购及重组 - 收购Adore Me产生的相关会计影响包括公允价值变动、或有对价和无形资产摊销等[77][79][80] - 2023年第一季度公司进行了重组调整组织架构,确认了1100万美元的重组费用[81] 现金流及资本管理 - 公司现金及现金等价物期初余额为2,700万美元(2024年)和4.27亿美元(2023年)[106] - 2024年1-8月经营活动产生的净现金流出为100万美元,较2023年同期减少1,800万美元,主要由于净收入增加2,700万美元和营运资本变动产生的现金流出减少2,800万美元[107] - 2024年1-8月投资活动产生的净现金流出为8,300万美元,主要用于门店资本支出和战略性技术投资[108,109] - 2024年1-8月筹资活动产生的净现金流出为1,700万美元,主要为支付收购Adore Me的或有对价1,600万美元[110] - 公司于2024年3月批准了最高2.5亿美元的股票回购计划,截至2024年8月3日尚未实施任何回购[111,112] - 2023年1月公司批准了2.5亿美元的股票回购计划,并于2023年完成了1.25亿美元的加速回购[113] - 公司长期债务总额为11.23亿美元,主要包括3.83亿美元的有抵押贷款和5.95亿美元的无抵押债券[115] - 公司的信用评级为Moody's Ba3/S&P BB,评级展望为负面[120] 会计政策及披露 - 公司在第二季度未采用任何新的会计准则，这些准则对其经营业绩、财务状况或现金流产生重大影响[124] - 公司预计新的收入税披露准则不会对其经营业绩、财务状况或现金流产生重大影响[124] - 公司预计新的可报告分部披露准则不会对其经营业绩、财务状况或现金流产生重大影响[125] 风险管理 - 公司的加拿大元和人民币计价收益面临汇率风险[128] - 公司的国际特许经营费收入也面临汇率风险[128] - 公司的投资组合主要由短期货币市场基金和银行存款组成，利率变动对其影响有限[130] - 公司的长期债务中有部分是浮动利率,但整体利率风险较小[130] - 公司定期评估客户和合作伙伴的信用状况,以管理信用风险[133] - 公司的现金及现金等价物主要存放于大型金融机构,以管理集中度风险[133] - 公司认为其应收账款、应付账款和应计费用的账面价值与公允价值接近[132]