- Victoria’s Secret press release ( NYSE: VSCO ): Q2 Non-GAAP EPS of $1.09 beats by $0.14 .
- Revenue of $1.52B (-5.6% Y/Y) misses by $40M .
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The Company is forecasting full year 2022 net sales to decrease in the mid to high single digit range compared to last year’s full year net sales of $6.785 billion. At this forecasted level of sales, adjusted operating income is expected to be in the range of $525 million to $575 million, or approximately 8% to 9% of sales.
- The Company is forecasting third quarter 2022 net sales to decrease in the high single digit range compared to last year’s third quarter net sales of $1.441 billion. Operating income is expected to be in the range of $10 million to $40 million compared to $108 million in the third quarter of 2021. Earnings are estimated to be in the range of $0.00 to $0.25 per diluted share compared to earnings of $0.81 per share last year.
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Victoria’s Secret Non-GAAP EPS of $1.09 beats by $0.14, revenue of $1.52B misses by $40M