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2023-05-31 16:26:59 ET Victoria’s Secret press release ( NYSE: VSCO ): Q1 GAAP EPS of $0.01 misses by $0.49 . Revenue of $1.41B (-4.7% Y/Y) misses by $10M Full Year and Second Quarter 2023 Outlook 2023 net sales to be in the range of flat to down low...
REYNOLDSBURG, Ohio, May 31, 2023 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today reported 2023 financial results for the first quarter ended April 29, 2023. Chief Executive Officer Martin Wat...
2023-05-26 13:59:18 ET Summary The business has had a bad financial year, and I don't like the $245 million buyback when debt ballooned by $289 million. That written, I think the market is being excessively pessimistic here. The obligations schedule lightens pretty dramatically ne...
2023-05-26 12:30:00 ET A holiday-shortened week still packs an ample slate of earnings reports, as May comes to an end and the final month of the calendar quarter gets started. Tech results headline the week with Salesforce ( NYSE: CRM ), Broadcom ( NASDAQ: AVGO ...
2023-05-25 02:24:07 ET Summary Greenlight Capital liquidated its holdings in VSCO in Q1 2023, and VSCO's stock had declined 45% from a year ago. VSCO's underperformance in 2022 led to a stressed valuation, with declining revenue, gross margin, and operating income and a lack of pr...
Victoria's Secret reimagines their iconic Fashion Show with a new generation of women from around the world PR Newswire Presented as a feature length film, it will unite fashion, film, art and culture featuring dynamic global creatives, top supermodels, musical talent and more...
2023-05-05 16:04:00 ET It wasn't much of a secret why Victoria's Secret (NYSE: VSCO) stock was unpopular this week. A recommendation downgrade from a prominent bank gave investors pause to think about the stock's viability. As a result, data compiled by S&P Global Market Intel...
2023-05-02 11:01:31 ET Barclays warned on Tuesday that a product recession could take a deep toll on parts of the retail sector. Analyst Adrienne Yih and team see building risk to a second-half demand recovery. "For retail specifically, many have guided 1H23 to be weak, with even negati...
2023-05-02 02:44:00 ET Summary Green Light Capital is a privately owned hedge fund sponsor. The firm invests in the public equity and fixed income markets of the United States. It primarily invests in value. The Greenlight Capital funds returned (1.3%) in the first quarter of 2023...
2023-04-17 08:45:00 ET Wall Street can be very demanding and, sometimes, push management teams to make decisions that may not be in the best interest of the business. That, in turn, usually means that whatever has been done is also not in the best interests of shareholders. So far, it looks...
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First quarter sales, operating income and EPS at high-end of previously announced preliminary results Provides second quarter guidance and reaffirms full year 2024 outlook Proxy advisory firms recommend in favor of all director candidates, approval of increased capacity under th...
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2024-05-30 09:22:47 ET Victoria’s Secret (NYSE: VSCO) stock price has slumped hard since going publc in 2021 as investors reflect on its slowing sales and market share losses. It has plunged to about $21, down by over 72% from its all-time high. Its market cap has crashed from ov...