Victoria's Secret & Co. (VSCO) Misses Q1 EPS by 26c, Guidance Misses Consensus

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Go back to Victoria's Secret & Co. (VSCO) Misses Q1 EPS by 26c, Guidance Misses Consensus

Victoria’s Secret & Co. Reports First Quarter 2023 Results

May 31, 2023 4:15 PM EDT

REYNOLDSBURG, Ohio, May 31, 2023 (GLOBE NEWSWIRE) -- Victorias Secret & Co. (Victorias Secret or the Company) (NYSE: VSCO) today reported 2023 financial results for the first quarter ended April 29, 2023.

Chief Executive Officer Martin Waters commented, The first quarter continued to be a volatile macro environment for our customer and as the quarter progressed business became more challenging. Sales were in-line with our original expectations; however, we were more promotional than planned and ended the quarter at the lower-end of our adjusted operating income guidance. Sales performance was particularly challenging in our core... More