Victoria's Secret & Co. is a leading retailer specializing in women's lingerie, apparel, and beauty products. The company is widely recognized for its iconic branding, including its annual fashion shows and its signature pink branding. Victoria's Secret focuses on delivering fashionable and high-quality products that appeal to a diverse range of customers, promoting confidence and empowerment through its offerings. In addition to its core lingerie line, the brand has expanded its portfolio to include sleepwear, loungewear, and beauty products, positioning itself as a comprehensive lifestyle brand for women. Through a combination of brick-and-mortar retail locations and an online presence, Victoria's Secret aims to enhance the shopping experience while maintaining a strong connection with its customer base. Read More
A number of stocks fell in the afternoon session after stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for all countries. This reminded markets that the global trade environment remained volatile, limiting the potential for sustained gains.
Goldman Sachs analyst Brooke Roach warns that U.S. tariff hikes will significantly impact retail, with China's tariff rate soaring to 54% and key sourcing nations like Vietnam (46%) and Cambodia (49%) facing steep increases. Apparel and footwear tariffs will average 38%, forcing brands to adjust pricing and negotiate costs.
Young adult apparel retailer American Eagle Outfitters (NYSE:AEO) will be reporting earnings tomorrow after market hours. Here’s what investors should know.
Shares of intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO)
fell 7.9% in the morning session after the company reported weak fourth-quarter results, as its gross margin and full-year revenue guidance fell short of Wall Street's estimates. However, the company exceeded analysts' expectations for revenue, EPS, and adjusted operating income, with comparable sales rising 5%.
Looking ahead, full-year revenue guidance suggests limited growth, raising concerns about potential demand softness.
Overall, this was a weaker quarter.
All three major indices remain in the red midday Thursday, after trimming earlier losses which saw the Dow Jones down more than 600 points at session lows. The major averages lost more than 2% this week as U.S.
VSCO shares down after issuing lower Q1 & FY25 sales guidance. Revenue beat estimates, but CEO warns of near-term headwinds. Analysts revise price forecasts.
Intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) announced better-than-expected revenue in Q4 CY2024, with sales up 1.1% year on year to $2.11 billion. On the other hand, next quarter’s revenue guidance of $1.32 billion was less impressive, coming in 5.3% below analysts’ estimates. Its non-GAAP profit of $2.60 per share was 13.2% above analysts’ consensus estimates.
The three major indices were mostly flat in midday trading Wednesday with the S&P 500 and Nasdaq slightly under the flatline and the Dow Jones up 39 points.
Intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO)
will be reporting earnings tomorrow after market close. Here’s what investors should know.
