About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Topline 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. Victoria's Secret store in Bergamo, Italy on September 4, 2023. NurPhoto via Getty Images Key Facts Shares of Victoria's Secret were trading at $22.50 in pre-market on the news, which will see Super in the position effective Sept. 9 to replace Martin ...

Seasoned executive and proven merchant operator to take brands to the next level Preliminary Q2 results at the top end or above company guidance for sales, adjusted operating income, and adjusted earnings per share REYNOLDSBURG, Ohio, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Victoria's Secret & Co. ("VS&Co" or the "Company") (NYSE: VSCO) today announced that its Board of Directors (the "Board") has appointed Hillary Super as Chief Executive Officer and a member of the Board, effective September 9, 2024. Super succ ...

REYNOLDSBURG, Ohio, Aug. 07, 2024 (GLOBE NEWSWIRE) -- In conjunction with the Victoria's Secret & Co. (NYSE: VSCO) second quarter 2024 earnings release, which will cross the wire after market close on Wednesday, August 28th, you are invited to listen to a live webcast of the conference call on Thursday, August 29th at 8:00 a.m. ET with Victoria's Secret & Co. executives. What: Victoria's Secret & Co. Second Quarter 2024 Earnings Conference Call Webcast When: 8:00 a.m. ET on Thursday, August 29th, 2024 Where ...

The new collection introduces Dream Angels® with Love Cloud™ Innovation – proving you never have to sacrifice craftsmanship for comfort. NEW YORK, July 25, 2024 /PRNewswire/ -- Today, Victoria's Secret announced the launch of Victoria's Secret Dream, a collection that combines the ultimate experience in beauty and everyday comfort – a match made in heaven. Lensed by acclaimed photographer Angelo Pennetta and styled by the talented Emmanuelle Alt at Longleat House in England, the campaign captures the romant ...

Tara Moore/DigitalVision via Getty Images Victoria's Secret & Co. (NYSE:VSCO) operates as a specialty retailer of women’s intimate, and other apparel and beauty products worldwide. We have started coverage on the firm in September 2023, with an initial bearish rating, stating that the firm’s stock may just be a value trap. We have reiterated this “sell” rating in March 2024, due to the deteriorating financial performance and the uncertain macroeconomic environment. Over the period of our coverage, the f ...

净销售额 - 2024年第一季度，公司净销售额下降了3%，为13.59亿美元，较2023年第一季度的14.07亿美元[93] - 北美店铺渠道的净销售额下降了7%，为7.29亿美元，主要受到平均单位零售价、客流量和转化率的影响[94] - 直销渠道的净销售额下降了3%，为4.49亿美元，虽然转化率有所增加，但平均单位零售价和客流量的减少超过了去年同期[95] - 在国际渠道，净销售额增加了2400万美元，增长了16%，达到1.81亿美元[96] 毛利和费用 - 第一季度2024年，毛利略微下降了100万美元，达到5.01亿美元，毛利率（占净销售额的百分比）从35.7%增至36.9%[97] - 第一季度2024年，总部、行政和门店运营费用与2023年同期相比略有增加，增加了100万美元，达到4.75亿美元[100] - 第一季度2024年，利息费用保持不变，为2,200万美元[102] 资本支出和融资活动 - 我们预计2024财年的资本支出约为2.3亿美元，主要集中在门店资本计划和与战略倡议相关的技术投资上[113] - 2024年第一季度，融资活动中的净现金使用为1,000万美元，主要包括支付给Adore Me收购相关的待定对价以及ABL Facility下的借款和偿还[114] 股票回购和债务情况 - 我们的董事会批准了2024年3月份的股票回购计划，授权回购高达2.5亿美元的普通股[117] - 我们尚未在2024年第一季度根据2024年3月份的股票回购计划回购任何普通股，截至2024年5月4日，我们已获得了回购高达2.5亿美元普通股的授权[118] - 截至2024年5月4日，公司总长期债务净额为1,119亿美元[124] - 公司于2021年8月2日签署了总额为4亿美元的长期贷款信贷协议，到期日为2028年8月[125] - 公司于2023年5月修改了贷款协议，转而使用Term SOFR作为计算利息的参考利率，利率范围为3.36%至3.68%[126] - 截至2024年5月4日，公司在ABL Facility下的借款余额为1.45亿美元，利率为7.17%[129] - 公司的长期债务和借款设施包含一些财务和其他契约，包括维持财务比率[130] - 公司的信用评级为Moody's Ba3和S&P BB-，前景为负面[131]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

财务数据和关键指标变化 - 第一季度业绩超出或达到公司对该季度的所有关键财务指标的预期 [10] - 公司在北美地区的销售趋势连续第三个季度实现环比改善,线上和线下业务均有改善 [10][11][12] - 国际业务继续保持强劲势头,第一季度销售额同比增长16% [16] - 公司调整后的销售、管理及一般费用率优于指引,主要由于采取了严格的费用管控措施 [17][52][53] 各条业务线数据和关键指标变化 - Victoria's Secret美容业务连续第三个季度实现同比增长,其次是内衣和文胸业务 [14] - PINK品牌在整个季度内销售趋势持续改善,4月份为最近几个季度最强劲的月份,运动文胸、睡衣和服装类别表现最佳 [32][33] 各个市场数据和关键指标变化 - 北美市场内衣行业销售趋势环比有所改善,公司在该品类的市场份额维持在20%左右 [13] - 公司在数字渠道的内衣和文胸市场份额有所提升,运动文胸市场份额也有所增加 [13] - 国际业务继续保持强劲势头,中国和特许经营以及免税渠道的销售均实现了显著的同比增长 [16] 公司战略和发展方向及行业竞争 - 公司正在加快核心业务的发展,并通过多项举措推动业务增长,包括产品创新、PINK品牌的重塑以及数字业务的客户体验优化等 [25][28] - 公司将于2024年重启维多利亚的秘密时装秀,以全新的现代视角呈现这一经典IP [24][34][35][36] - 公司正在持续推进对运营模式的转型,并有望在三年内实现2.5亿美元的成本优化目标 [17][18] 管理层对经营环境和未来前景的评论 - 尽管北美市场零售环境仍具挑战性且促销环境激烈,但公司在第一季度的毛利率仍高于去年同期 [15] - 公司对第二季度和全年的销售和利润预期保持谨慎,但对4月份和5月份的良好开局以及下半年趋势改善持乐观态度 [25][26][27] 其他重要信息 - 公司的多品牌忠诚度计划已运营一年,拥有3000万会员,占公司每周销售的80% [19] - 公司正在通过数据洞察和技术创新,不断优化客户体验,包括推出虚拟试衣等新功能 [19][102][103] - 公司收购的Adore Me业务正在按计划发展,在销售、利润和协同效应方面表现良好 [102][103][104][105][106] 问答环节重要的提问和回答 问题1 **Simeon Siegel 提问** 对于维多利亚的秘密时装秀的重启,公司在营销策略和品牌定位方面有何考虑? [30] **Martin Waters 回答** 时装秀将以全新的现代视角呈现经典元素,更加注重商品驱动,突出公司自身产品,并作为假期营销活动的重要开端 [34][35][36] 问题2 **Dana Telsey 提问** 游泳业务和内衣业务的表现如何?PINK品牌的门店表现如何? [41][42][47] **Martin Waters 和 Tim Johnson 回答** 游泳业务全年迄今基本持平,但4月份表现出色;内衣业务中文胸系列的重塑表现良好;PINK品牌门店表现优于整体门店 [43][44][45][47][48] 问题3 **Lorraine Hutchinson 提问** 第一季度销售、管理及一般费用的优于预期是否可持续? [51] **Tim Johnson 回答** 公司长期以来一直非常注重成本管控,这种文化已经在整个组织内部形成。公司将继续保持谨慎的成本管理,包括在销售、管理及一般费用以及采购和租赁费用方面 [52][53][54]

Victoria’s Secret & Co. (VSCO) posted first-quarter fiscal 2024 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Earnings beat the consensus estimate for the second straight quarter.In the first quarter, Victoria's Secret saw a steady improvement in sales trends across its physical stores and online platforms in North America. This positive momentum was evident for both the Victoria’s Secret and PINK brands. Despite a tough retail landscape and high competition in promotions ...