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Google Cloud has announced several new artificial intelligence (AI) and generative AI-powered technologies aimed at creating more personalized shopping experiences for consumers. Victoria's Secret & Co. (NYSE:VSCO) has been quick to sign on.
Victoria's Secret has partnered with Google Cloud to create new AI-powered shopping experiences for customers. Carrie Tharp, vice president of industries at Google Cloud, and Christine Rupp, chief customer officer at Victoria's Secret, speak with Ed Ludlow and Caroline Hyde on "Bloomberg Technology" about the partnership.
Victoria's Secret & Co. said Thursday it's teaming up with Alphabet's Google Cloud Vertex AI unit to offer an online chatbot to provide personalized advice to shoppers.
Victoria's Secret's (NYSE: VSCO) CFO, Tim Johnson, demonstrated confidence in the company's future as securities filings unveiled his purchase of over $300,000 worth of VSCO stock in September. Since then, Johnson and VSCO investors have enjoyed an extraordinary rally, with the stock soaring approximately 54% over the past two and a half months.
Shares of Victoria's Secret & Co. were having their best day in more than two years on Thursday, after the intimate-apparel retailer said sales trends kept getting better and provided an upbeat outlook for the holiday season.
Victoria's Secret missed earnings last night. It's probably going to miss earnings next quarter -- and for all of 2023 as well.
Victoria's Secret & Co. (NYSE:VSCO ) Q3 2023 Earnings Conference Call November 30, 2023 8:00 AM ET Company Participants Kevin Wynk - Vice President, External Financial Reporting and Investor Relations Martin Waters - Chief Executive Officer Tim Johnson - Chief Financial Officer Conference Call Participants Simeon Siegel - BMO Capital Markets Dana Telsey - Telsey Group Alex Straton - Morgan Stanley Matthew Boss - JPMorgan Alex Shaw - Bank of America Irwin Boruchow - Wells Fargo Mauricio Serna - UBS Kathryn Ann Hallberg - TD Cowen Janet Kloppenburg - JJK Research Associates Marni Shapiro - Retail Tracker Operator Good morning. My name is Ivy and I will be your conference operator today.
Although the revenue and EPS for Victoria's Secret (VSCO) give a sense of how its business performed in the quarter ended October 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Victoria's Secret & Co. (NYSE:VSCO) stock slid after hours Wednesday after the company posted a wider-than-expected third-quarter loss. The clothing retailer posted an adjusted loss of $0.86 per share, compared to a $0.78 per share loss expected by analysts.
Victoria's Secret & Co.'s VSCO, +5.60% stock is up 2% in after-hours trading Wednesday after the retail store reported quarterly results. Victoria's Secret reported a fiscal-third-quarter net loss of $71.2 million, or 92 cents a share, compared with net income of $24.4 million, or 29 cents a share, in the same quarter a year ago.