Victoria’s Secret & Co. (NYSE:VSCO) shares are trading lower after the company reported second-quarter results yesterday.
Revenue fell 1% Y/Y to $1.417 billion, beating the consensus of $1.41 billion. Total comparable sales for the quarter decreased 3%.
Adjusted operating income stood at $62 million vs. $49 million a year ago. Adjusted EPS of $0.40 beat the consensus of $0.36, slightly above the recently reported preliminary adjusted EPS of $0.34 – $0.39.
Interim Chief Executive Officer and Chief Financial and Administrative Officer Timothy (TJ) Johnson said, “Our financial results for the second quarter came in ...
