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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.
Lee Munson, Portfolio Wealth Advisors president and CIO joins ‘The Exchange' to discuss Burlington, American Eagle, and Victoria's Secret.
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.
Victoria's Secret's (VSCO) fourth-quarter 2023 results are likely to benefit from high demand in China.
When it comes to real estate investments, retail properties have stood as a solid opportunity for investors seeking stable income. Among these investment vehicles are real estate investment trusts (REITs), specializing in the ownership and management of retail spaces such as shopping centers, malls, and strip malls.
Despite the technology and complexities required to run loyalty programs today, the premise behind them remains fairly simple: keep doing business with us, and we'll recognize you with rewards, perks or status.
Victoria's Secret (VSCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
REYNOLDSBURG, Ohio, Feb. 15, 2024 (GLOBE NEWSWIRE) -- In conjunction with the Victoria's Secret & Co. (NYSE:VSCO) fourth quarter 2023 earnings release, which will cross the wire after market close on Wednesday, March 6th, you are invited to listen to a live webcast of the conference call on Thursday, March 7th at 8:00 a.m. ET with Victoria's Secret & Co. executives.
Despite recent economic indicators like GDP and consumer sentiment suggesting resilience in the U.S. economy, that doesn't mean all consumer stocks are booming right now. In fact, there are plenty that are best described as doomed consumer stocks.
Victoria's Secret (VSCO) emphasizes the incorporation of Google Cloud's advanced AI technologies into internal operations to drive growth.