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0.000930232558139515 2.32558139535994E-05 0.00372093023255823 0.00488372093023258 -0.00558139534883709 -0.00186046511627903 0.000930232558139515 0.00999999999999999
Stock impact report

Victoria's Secret (VSCO) Q1 Earnings & Revenues Top Estimates [Yahoo! Finance]

Victorias Secret & Co. (VSCO) 
Company Research Source: Yahoo! Finance
VSCO posted first-quarter fiscal 2024 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Earnings beat the consensus estimate for the second straight quarter. In the first quarter, Victoria's Secret saw a steady improvement in sales trends across its physical stores and online platforms in North America. This positive momentum was evident for both the Victoria's Secret and PINK brands. Despite a tough retail landscape and high competition in promotions, the company successfully increased gross margin rate compared to the previous year by effectively managing inventory and strategically driving customer traffic. Q1 in Detail Victoria's Secret reported adjusted earnings of 12 cents per share, beating the Zacks Consensus Estimate of 11 cents. The figure decreased from 28 cents in the year-ago quarter. Net sales decreased 3.4% year over year to $1,359.4 million. However, the metric beat the Zacks Consensus Estimate of $1,346 million. The company's co Show less Read more
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