2024-04-14 02:19:10 ET
Summary
- I recommended a hold due to weak same-store sales growth and a lack of improvement in the business turnaround.
- The company's performance in 4Q24 and 1Q25 has been disappointing, with no major improvements in same-store sales growth.
- The challenging macro environment and weak consumer spending further hinder VSCO's turnaround efforts, making it important to wait for clear signs of improvement before considering a buy rating.
Investment action
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Victoria's Secret: Don't See A Recovery Anytime Soon