Goldman Sachs Reiterates Sell Rating on Victoria's Secret (VSCO)
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June 3, 2025 4:00 PM EDT
BofA Securities analyst Alice Xiao reiterated an Underperform rating and $20.00 price target on Victoria's Secret (NYSE: VSCO)
The analyst comments "VSCO announced preliminary 1Q results at the high-end of guidance for EPS and exceeding guidance for sales. The company expects net sales of $1.35bn (-1% y/y), adj. operating... More
June 3, 2025 8:20 AM EDT
(Reuters) -Victoria's Secret on Tuesday disclosed that a security incident relating to its information technology systems had led it to temporarily shut down its website for a few days last week.
The company said it shut down corporate systems and e-commerce website on May 26 and immediately enacted response protocols to contain and prevent unauthorized network access. Its website was restored on May 29.
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June 3, 2025 8:06 AM EDT
Victorias Secret & Co. (VS&Co or the Company) (NYSE: VSCO) is providing an update on a recent security incident involving its information technology systems.
On May 24, 2025, the Company detected a security incident involving its information technology systems. The Company immediately enacted its response protocols to attempt to contain and eradicate unauthorized network access, and third-party experts were engaged.
As a precaution, the Company also temporarily shut down its corporate systems and e-commerce website on May 26, 2025. The website was restored on May 29, 2025 and work is ongoing to restore full access to corporate systems. The... More
