VSCO Stock Recent News
VSCO LATEST HEADLINES
Victoria's Secret shares have plummeted nearly 60% since November 2022 when we last sell-rated the stock. The company's quarter was decent, but the forward guidance caused the stock to collapse, and we see it settling out in the mid-teens. While there are opportunities for international growth, operational expenses and sales weakness in North America are weighing.
Victoria's Secret delivered slightly better-than-expected holiday-quarter results. Its forward sales guidance was well below expectations.
CNBC's Kristina Partsinevelos joins 'Closing Bell' to report on Victoria's Secret as the company's shares plunged over 30% after posting mixed fourth-quarter results and disappointing guidance.
“As we look into the new year, we recognize the broader intimates market in North America has been down for four consecutive quarters.”
Victoria's Secret (VSCO) fourth-quarter fiscal 2023 results are aided by an improving sales trend in North America.
Victoria's Secret (NYSE: VSCO ) stock is falling hard on Thursday following the release of its latest earnings report. The company's report for the fourth quarter of 2023 starts with adjusted earnings per share of $2.58.
Victoria's Secret (VSCO) shares slumped 26% in extended-hours trading Wednesday evening after the lingerie retailer issued a cautious sales outlook amid soft apparel demand in the North American market.
While the top- and bottom-line numbers for Victoria's Secret (VSCO) give a sense of how the business performed in the quarter ended January 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 & Co. (NYSE:VSCO) stock plunged more than 23% in afterhours trade Wednesday after the lingerie retailer disappointed investors with a mixed fourth quarter financial performance and weak sales outlook for 2024. For 4Q, Victoria's Secret posted adjusted earnings per share of $2.58 on revenue of $2.08 billion, ahead of profit estimates of $2.46 but slightly missing revenue expectations of $2.09 billion.
Victoria's Secret & Co. is scheduled to report earnings after Wednesday's close. The stock hit a record high of $76/share in 2021 and is currently trading near $26 in the premarket.