VSCO Stock Recent News

Does Victoria's Secret (VSCO) have what it takes to be a top stock pick for momentum investors? Let's find out.

VSCO benefits from improvements in North American business and an increase in traffic.

Standing out in terms of value now appears to be a good time to buy Victoria's Secret's (VSCO) stock after surpassing Q2 top and bottom line expectations on Wednesday.

Victoria's Secret posted Q2 revenue and earnings beats last night. However, continued same-store sales declines weighed on the stock today.

VSCO's second-quarter top line reflects strong contributions from the International channel.

Victoria's Secret & Co. (NYSE:VSCO) reported second-quarter net sales of $1.417 billion, marking a 1% decrease from the previous year, but tempered this by raising its full-year financial forecasts. Comparable sales dipped by 3%, yet the results were at the upper of consensus.

While the top- and bottom-line numbers for Victoria's Secret (VSCO) give a sense of how the business performed in the quarter ended July 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 (VSCO) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.24 per share a year ago.

Victoria's Secret & Co.'s VSCO, +0.65% stock was up 3% in extended trading Wednesday after the intimate-apparel company swung to a profit in its second-quarter results and raised its 2024 sales outlook, boosted by North America sales. The company reported net income of $32 million, or 40 cents a share, after a net loss of $1 million, or a loss of 2 cents a share, in the prior year's quarter.

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 commented, “Our financial results for the second quarter came in at the high end of expectations and we delivered year-over-year quarterly operating income growth for the first time since 2021.