- Victoria’s Secret press release ( NYSE: VSCO ): Q4 Non-GAAP EPS of $2.47 beats by $0.13 .
- Revenue of $2.02B (-7.3% Y/Y) beats by $10M .
- During the fourth quarter of 2022, the Company invested $36 million to repurchase 0.9 million shares which completed the share repurchase program announced in March 2022.
- The Company is forecasting full year 2023 net sales to increase in the mid-single digit range compared to last year’s net sales of $6.344 billion. At this forecasted level of sales, we expect the adjusted operating income rate for the full year 2023 to be similar to 2022.
- The Company is forecasting first quarter 2023 net sales to decrease in the mid-single digit range compared to last year’s first quarter net sales of $1.484 billion. At this forecasted level of sales, adjusted operating income for the first quarter of 2023 is expected to be in the range of $55 million to $85 million. Adjusted net income for the first quarter of 2023 is estimated to be in the range of $0.30 to $0.60 per diluted share.
- Shares -2.65% .
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Victoria’s Secret Non-GAAP EPS of $2.47 beats by $0.13, revenue of $2.02B beats by $10M