Victoria's Secret & Co (NYSE: VSCO) are trading lower after the company reported Q2 FY23 results below the consensus.
Revenue declined 6.2% Y/Y to $1.43 billion, missing the consensus of $1.44 billion.
By segment, revenues in Stores – North America tumbled 15.6% Y/Y while growing 4.9% Y/Y to $433.9 million in Direct and 26.5% Y/Y to $175.8 million in International businesses.
Comparable sales fell 11% Y/Y in Stores and Direct platform and 14% Y/Y in Stores Only platform.
Adjusted operating income declined to $48.7 million from $126.9 million a year ago.
Adjusted EPS of $0.24 came below ...