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Aug 29, 2024 9:50 AM

What's Going On With Lingerie Giant Victoria's Secret Stock Today?

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 ...