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Victoria’s Secret Tops Q1 Earnings Estimates

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Victoria’s Secret (NYSE: VSCO) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this retailer of lingerie, pajamas and beauty products would post earnings of $2.46 per share when it actually produced earnings of $2.58, delivering a surprise of 4.88%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Victoria’s Secret, which belongs to the Zacks Leisure and Recreation Products industry, posted revenues of $1.36 billion for the quarter ended April 2024, in line with the Zacks Consensus Estimate. This compares to year-ago revenues of $1.41 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Victoria’s …

Full story available on Benzinga.com

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