Victoria's Secret & Co. (NYSE: VSCO) posted decent second-quarter fiscal 2024 results, with the top and the bottom line surpassing the Zacks Consensus Estimate. Earnings beat the consensus estimate for the third straight quarter.
Victoria's Secret posted positive business trends in North America in the third quarter, with encouraging early feedback on fall assortments for Victoria's Secret and PINK brands. The beauty segment performed well, driving customer traffic to stores. Going forward, the company emphasized key events including a major VSX sport launch and the return of the Victoria's Secret Fashion Show to drive growth.
While optimistic about the positive signs, the company acknowledges that the broader consumer environment remains challenging. Despite the hurdles, VSCO remains focused on controlling what it can — leveraging its market position in the intimates category and executing multiple growth initiatives to drive long-term growth.
Q2 in Detail
Victoria's Secret & Co. Price, Consensus and EPS Surprise
Victoria's Secret & Co. price-consensus-eps-surprise-chart | Victoria's Secret & Co. Quote
Victoria's Secret reported adjusted earnings of 40 cents per share, beating the Zacks Consensus Estimate of 38 cents. The figure increased ...
