REYNOLDSBURG

Victoria’s Secret & Co. Provides First Quarter 2024 Preliminary Results

Retrieved on:

Thursday, May 9, 2024

REYNOLDSBURG, Ohio, May 09, 2024 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today provided preliminary results for the first quarter 2024 ended May 4, 2024. Net sales, adjusted operating income, and adjusted diluted earnings per share for the first quarter are at or above previously issued guidance as highlighted in the table below.

Key Points:

Chief Executive Officer Martin Waters commented on the improved first quarter performance, “I am encouraged by our preliminary view of results and the sequential improvement in quarterly sales trends.
We delivered meaningful newness in merchandise and brand projection during the quarter and our customers responded, particularly in April, which was our strongest of the three months.
In stores, our customer traffic improved noticeably throughout the quarter, and in our digital business, the investments we’ve made to improve the customer experience resulted in digital sales performance outpacing stores.
At the same time, we continue to experience strong growth in our international business as sales increased in the mid-teens again in the first quarter.

Victoria’s Secret & Co. Reports Fourth Quarter 2023 Results

Retrieved on:

Wednesday, March 6, 2024

Acquisition, Forecasting, Share repurchase, Marketing, Growth, PINK, Adore Me, Health, GAAP, VSCO, ABL, Video game

REYNOLDSBURG, Ohio, March 06, 2024 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today reported 2023 financial results for the fourth quarter and fiscal year ended February 3, 2024.

Key Points:

REYNOLDSBURG, Ohio, March 06, 2024 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today reported 2023 financial results for the fourth quarter and fiscal year ended February 3, 2024.
This result compares to net income of $173 million, or $2.10 per diluted share for the 13-week fourth quarter of 2022.
Fourth quarter 2023 operating income was $258 million compared to operating income of $243 million in the fourth quarter of 2022.
Fourth quarter 2022 adjusted net income was $203 million, or $2.47 per diluted share, and adjusted operating income was $280 million.

Victoria’s Secret & Co. Invites You to Listen to the Fourth Quarter 2023 Earnings Call Webcast

Retrieved on:

Thursday, February 15, 2024

VSCO

REYNOLDSBURG, Ohio, Feb. 15, 2024 (GLOBE NEWSWIRE) -- In conjunction with the Victoria’s Secret & Co. (NYSE:VSCO) fourth quarter 2023 earnings release, which will cross the wire after market close on Wednesday, March 6th, you are invited to listen to a live webcast of the conference call on Thursday, March 7th at 8:00 a.m.

Key Points:

REYNOLDSBURG, Ohio, Feb. 15, 2024 (GLOBE NEWSWIRE) -- In conjunction with the Victoria’s Secret & Co. (NYSE:VSCO) fourth quarter 2023 earnings release, which will cross the wire after market close on Wednesday, March 6th, you are invited to listen to a live webcast of the conference call on Thursday, March 7th at 8:00 a.m.
ET with Victoria’s Secret & Co. executives.

Victoria’s Secret & Co. to Create New AI-Powered Shopping Experiences with Google Cloud

Retrieved on:

Thursday, January 11, 2024

Cloud, Life, NRF, Partnership, PINK, Breast cancer, VS, Secrecy, Mastectomy, Marketing, Google Cloud, Google Workspace, Sales

Victoria’s Secret & Co. will leverage Google Cloud’s AI and generative AI technologies to create more personalized and inclusive online shopping experiences for its global customers.

Key Points:

Victoria’s Secret & Co. will leverage Google Cloud’s AI and generative AI technologies to create more personalized and inclusive online shopping experiences for its global customers.
Through this partnership, VS&Co will also leverage Google Cloud’s AI technologies to improve customer and associate experiences and drive operational efficiencies within the business.
With Victoria’s Secret & Co.’s website now driving more than 500 million annual visits and growing, a key priority for the company is to leverage new technologies to create personalized customer experiences at scale.
Under the new, multi-year partnership, the brand will explore a new generative AI-powered conversational assistant, created with Google Cloud’s AI platform, Vertex AI.

Victoria’s Secret & Co. Reports third quarter 2023 results within previous guidance range

Retrieved on:

Wednesday, November 29, 2023

PINK, Forecasting, Acquisition, Health, Growth, VSCO, Human, Adore Me, Average cost, GAAP, Video game

REYNOLDSBURG, Ohio, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today reported 2023 financial results for the third quarter ended October 28, 2023.

Key Points:

REYNOLDSBURG, Ohio, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today reported 2023 financial results for the third quarter ended October 28, 2023.
Third quarter 2023 operating loss was $67 million compared to operating income of $43 million in the third quarter of 2022.
The Company is forecasting fourth quarter 2023 net sales to increase in the range of 2% to 4% compared to last year’s fourth quarter net sales of $2.021 billion.
Adjusted net income for the fourth quarter of 2023 is estimated to be in the range of $2.20 to $2.60 per diluted share.

Victoria’s Secret & Co. Invites You to Listen to the Third Quarter 2023 Earnings Call Webcast

Retrieved on:

Thursday, November 9, 2023

NYSE, VSCO, News, Silviculture

REYNOLDSBURG, Ohio, Nov. 09, 2023 (GLOBE NEWSWIRE) -- In conjunction with the Victoria’s Secret & Co. (NYSE:VSCO) third quarter 2023 earnings release, which will cross the wire after market close on Wednesday, November 29th, you are invited to listen to a live webcast of the conference call on Thursday, November 30th at 8:00 a.m.

Key Points:

REYNOLDSBURG, Ohio, Nov. 09, 2023 (GLOBE NEWSWIRE) -- In conjunction with the Victoria’s Secret & Co. (NYSE:VSCO) third quarter 2023 earnings release, which will cross the wire after market close on Wednesday, November 29th, you are invited to listen to a live webcast of the conference call on Thursday, November 30th at 8:00 a.m.
ET with Victoria’s Secret & Co. executives.

Victoria’s Secret & Co. to Maximize Supplier Diversity Efforts through Unique Programs

Retrieved on:

Wednesday, November 8, 2023

NYSE, Hope, Veteran, VSCO, DEI, Partnership, Farmer, Art, Woman, VS, Disability, PINK, Renewable energy, Tourism

REYNOLDSBURG, Ohio, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (NYSE: VSCO) is proud to further its social impact and amplify its commitment to diversity, equity and economic empowerment through its unique partnerships and programs.

Key Points:

REYNOLDSBURG, Ohio, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (NYSE: VSCO) is proud to further its social impact and amplify its commitment to diversity, equity and economic empowerment through its unique partnerships and programs.
The cotton will begin to appear in the Victoria’s Secret and PINK product assortment in summer 2024.
The event at large underscores the company’s dedication to maintaining its commitments, as part of the Fifteen Percent Pledge.
To date, 66 percent of Victoria’s Secret’s market collection partners are found, owned or led by women.

Victoria’s Secret & Co. Presents Strategic Plan Focused on Accelerating the Core and Driving Growth Initiatives to Deliver the Potential of the Victoria’s Secret and PINK Brands

Retrieved on:

Wednesday, October 11, 2023

Our focus on transforming the foundation is also tracking ahead of our plan as our base cost levels are decreasing and our organization is becoming more efficient.

Key Points:

Our focus on transforming the foundation is also tracking ahead of our plan as our base cost levels are decreasing and our organization is becoming more efficient.
Just over two years since becoming a stand-alone public company, the VS&Co story remains one of opportunity.
Product – move from winning the intimates category to serving the style needs of all women by reinvigorating core products and refocusing and expanding the category lens.
A replay of the webcast and presentation materials will be available on the Investors section of the Company’s website following the event.

Victoria’s Secret & Co. Announces Upcoming Investor Day on October 12th

Retrieved on:

Thursday, October 5, 2023

55 Water Street, NYSE, Webcast, Water Street, VSCO, Nightclub, Auction

REYNOLDSBURG, Ohio, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (the “Company”) (NYSE: VSCO) announced that it will host an investor day on Thursday, October 12, 2023 at the Company’s office located at 55 Water Street in New York, New York.

Key Points:

REYNOLDSBURG, Ohio, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (the “Company”) (NYSE: VSCO) announced that it will host an investor day on Thursday, October 12, 2023 at the Company’s office located at 55 Water Street in New York, New York.
Due to limited capacity, in-person attendance is by invitation only.
The event will be broadcast live via webcast beginning at 9:00 a.m. Eastern on the Investors section of the Company’s website here .
A replay of the webcast and presentation materials will be available on the Investors section of the Company’s website following the event.

Victoria’s Secret Presents: The Tour ’23 – Now Streaming on Prime Video

Retrieved on:

Tuesday, September 26, 2023

Honey, Partnership, Tess, Culture, Behind-the-scenes, Woman, Vice Media, Sunlight, Collection, Academy Awards, The Tour, City, Candice Swanepoel, Amazon Prime Video, Parallax, Film industry

REYNOLDSBURG, Ohio, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret is thrilled to announce that Victoria’s Secret: The Tour’23 is now available to stream on Prime Video. Part documentary, part spectacular fashion event – the exclusive showcase will captivate audiences and provide a viewing experience that celebrates Victoria’s Secret’s mission to uplift and champion women all over the world.

Key Points:

REYNOLDSBURG, Ohio, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret is thrilled to announce that Victoria’s Secret: The Tour’23 is now available to stream on Prime Video .
Fans of The Tour can embark on their own fashion journey by shopping a collection of styles inspired by the show, now available on VictoriasSecret.com and in the Victoria’s Secret Amazon Fashion storefront.
The collection includes exclusive styles, from corsets and robes, to bras and lingerie sets in a variety of colorways and sizes.
Viewers can shop this collection while watching on Prime Video with Amazon’s X-Ray feature.