Sales performance sequentially improved for fourth consecutive quarter Quarterly operating income growth for first time since 2021 Raises full year 2024 outlook and provides third quarter guidance REYNOLDSBURG, Ohio, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Victoria's Secret & Co. ("Victoria's Secret" or the "Company") (NYSE: VSCO) today reported financial results for the second quarter ended August 3, 2024. Interim Chief Executive Officer and Chief Financial and Administrative Officer Timothy (TJ) Johnson comment ...

Victoria's Secret & Co. (VSCO) is scheduled to report second-quarter 2024 results on Aug 28. In the last reported quarter, VSCO's earnings beat the Zacks Consensus Estimate by 9.1%. Q2 Estimates The Zacks Consensus Estimate for second-quarter earnings per share is pegged at 38 cents, indicating a gain of 58.3% from the year-ago reported figure. In the past 30 days, estimate revisions have witnessed upward movements of 123.5%. The consensus mark for revenues is pegged at $1.41 billion, implying a 1.4% decrea ...

Investors might want to bet on Victoria's Secret (VSCO) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this retailer of lingerie, pajamas and beauty products reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical resea ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Victoria's Secret (VSCO) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 2 ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Victoria's Secret (VSCO) , which belongs to the Zacks Leisure and Recreation Products industry, could be a great candidate to consider. When looking at the last two reports, this retailer of lingerie, pajamas and beauty products has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 6.98%, on average, in the ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. 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 potent ...

Changes are afoot at the company, and at least a few analysts are impressed by them. A fresh change in leadership, unexpectedly strong preliminary results, and a set of bullish new analyst notes were the main factors pushing Victoria's Secret (VSCO 9.78%) stock higher in recent sessions. The share price gain was well in the double-digit percentages; according to data compiled by S&P Global Market Intelligence, the stock was up more than 23% as of Friday before market open. New leadership, new second-quarter ...

Global Research and Evidence Lab 14 August 2024 First Read Victoria's Secret & Co CEO Appointment as Positive Market Likely to see 2Q EPS Upside and What happened: VSCO pre-announced above-consensus 2Q EPS... VSCO pre-announced 2Q24 results and now anticipates $0.34-$0.39 EPS, above its prior $0.05-$0.20 outlook. We note the Street has been modeling $0.16 Q2 EPS. Within its new Q2 outlook, VSCO expects net sales to be down 1-2% vs. prior down 1-3% y/y. VSCO also raised its Q2 EBIT dollar guidance to $57-$62 ...

Shares jumped after it named a new CEO. Shares of Victoria's Secret (VSCO 14.66%) were surging today after the struggling apparel company named a new CEO, Hillary Super. Investors seem to be hopeful that the move will lead to a turnaround for the business. As of 1:17 p.m. ET on Wednesday, the stock was up 14.6% on the news. Meet the new boss Victoria's Secret said this morning that Super would replace Martin Waters as CEO and member of the board, taking over on Sept. 9. Super was most recently the CEO of Sa ...

Key Takeaways Victoria's Secret named Hillary Super as its new chief executive, effective Sept. 9. Super previously served as CEO of Savage X Fenty, the lingerie company founded by Rihanna in 2018. The retailer also posted preliminary second-quarter adjusted EPS that surpassed prior guidance. 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. ...