XRT - Lingerie Giant Victoria's Secret Stock Slides After Q1 Top-Line Dip: Details | Benzinga
Victoria’s Secret & Co. (NYSE:VSCO) shares are trading lower after the company reported first-quarter FY24 results.
Revenue fell 3.4% Y/Y to $1.36 billion, which is in line with the consensus. Total comparable sales for the quarter decreased 5% Y/Y in the quarter.
Operating income stood at $26 million, which declined from $28 million a year ago. Adjusted EPS of $0.12 beat the consensus of $0.09.
Chief Executive Officer Martin Waters said, “We experienced sequential improvement in quarterly sales trends in North America in both our stores and digital business for ...