Latest news with #Victoria'sSecret&Co
Yahoo
17-06-2025
- Business
- Yahoo
Morgan Stanley Raises Price Target on Victoria's Secret (NYSE:VSCO) to $20 With an Equal Weight Rating
Victoria's Secret & Co. (NYSE:VSCO) is one of the 13 Most Undervalued Retail Stocks to Buy Right Now. On June 12, Morgan Stanley raised the firm's price target on Victoria's Secret & Co. (NYSE:VSCO) to $20 from $19, keeping an Equal Weight rating on the shares. The analyst updated the rating after Victoria's Secret & Co. (NYSE:VSCO) reported its fiscal Q1 2025 earnings on June 11, with net sales of $1.353 billion that surpassed its previous guidance range. A middle aged woman in a boutique trying on intimate products. The analyst told investors that the fiscal year EPS guidance was lowered completely due to tariffs and is 'potentially not fully de-risked.' However, he also said that the Q2 guidance appears 'fair/possibly beatable,' leaving the report 'incrementally positive' due to management's 'enhanced understanding of the evolved intimates industry.' He further reasoned that a turnaround 'likely takes some time,' and that justifies the Equal Weight rating for now. While we acknowledge the potential of VSCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Network
13-06-2025
- Business
- Fashion Network
Victoria's Secret reports better-than-expected sales, narrows earnings loss
Victoria's Secret & Co. on Wednesday reported better-than-expected sales in the first quarter, helping the U.S. lingerie giant to narrow earnings losses for the three-month period. The Ohio-based company said sales for the three months ending May 3 totalled $1.353 billion, besting its previously communicated guidance range of $1.30 billion to $1.33 billion. However, that figure was flat compared to the prior-year period, weighed down by total comparable sales, falling 1%. Victoria's Secret did manage to recoup its earnings, reporting a net loss of $2 million, or $0.02 per diluted share during the quarter, compared to a net loss of $4 million, or $0.05 per diluted share in the prior-year quarter. 'I am proud of the team and their commitment to adapting and remaining flexible in this challenging and fast-changing environment. We focused on proactively managing the business ensuring we are remaining nimble and protecting investments in what matters most—the customer experience, brand health and product innovation," said Victoria's Secret & Co. CEO, Hillary Super. "I am pleased with the strength the business demonstrated during the March and April timeframe, which included continued momentum in our powerhouse Beauty business, ongoing strength in Pink apparel, and newness in sport and swim as we reclaim our position as a full lifestyle brand." For the full year, the company reaffirmed its forecasted sales range of $6.2 billion to $6.3 billion. Earlier this month, the underwear giant had to temporarily shut down its website for a few days, following a security incident relating to its information technology systems.
Fashion Network
13-06-2025
- Business
- Fashion Network
Victoria's Secret reports better-than-expected sales, narrows earnings loss
Victoria's Secret & Co. on Wednesday reported better-than-expected sales in the first quarter, helping the U.S. lingerie giant to narrow earnings losses for the three-month period. The Ohio-based company said sales for the three months ending May 3 totalled $1.353 billion, besting its previously communicated guidance range of $1.30 billion to $1.33 billion. However, that figure was flat compared to the prior-year period, weighed down by total comparable sales, falling 1%. Victoria's Secret did manage to recoup its earnings, reporting a net loss of $2 million, or $0.02 per diluted share during the quarter, compared to a net loss of $4 million, or $0.05 per diluted share in the prior-year quarter. 'I am proud of the team and their commitment to adapting and remaining flexible in this challenging and fast-changing environment. We focused on proactively managing the business ensuring we are remaining nimble and protecting investments in what matters most—the customer experience, brand health and product innovation," said Victoria's Secret & Co. CEO, Hillary Super. "I am pleased with the strength the business demonstrated during the March and April timeframe, which included continued momentum in our powerhouse Beauty business, ongoing strength in Pink apparel, and newness in sport and swim as we reclaim our position as a full lifestyle brand." For the full year, the company reaffirmed its forecasted sales range of $6.2 billion to $6.3 billion. Earlier this month, the underwear giant had to temporarily shut down its website for a few days, following a security incident relating to its information technology systems.
Fashion Network
13-06-2025
- Business
- Fashion Network
Victoria's Secret reports better-than-expected sales, narrows earnings loss
Victoria's Secret & Co. on Wednesday reported better-than-expected sales in the first quarter, helping the U.S. lingerie giant to narrow earnings losses for the three-month period. The Ohio-based company said sales for the three months ending May 3 totalled $1.353 billion, besting its previously communicated guidance range of $1.30 billion to $1.33 billion. However, that figure was flat compared to the prior-year period, weighed down by total comparable sales, falling 1%. Victoria's Secret did manage to recoup its earnings, reporting a net loss of $2 million, or $0.02 per diluted share during the quarter, compared to a net loss of $4 million, or $0.05 per diluted share in the prior-year quarter. 'I am proud of the team and their commitment to adapting and remaining flexible in this challenging and fast-changing environment. We focused on proactively managing the business ensuring we are remaining nimble and protecting investments in what matters most—the customer experience, brand health and product innovation," said Victoria's Secret & Co. CEO, Hillary Super. "I am pleased with the strength the business demonstrated during the March and April timeframe, which included continued momentum in our powerhouse Beauty business, ongoing strength in Pink apparel, and newness in sport and swim as we reclaim our position as a full lifestyle brand." For the full year, the company reaffirmed its forecasted sales range of $6.2 billion to $6.3 billion. Earlier this month, the underwear giant had to temporarily shut down its website for a few days, following a security incident relating to its information technology systems.
Fashion Network
13-06-2025
- Business
- Fashion Network
Victoria's Secret reports better-than-expected sales, narrows earnings loss
Victoria's Secret & Co. on Wednesday reported better-than-expected sales in the first quarter, helping the U.S. lingerie giant to narrow earnings losses for the three-month period. The Ohio-based company said sales for the three months ending May 3 totalled $1.353 billion, besting its previously communicated guidance range of $1.30 billion to $1.33 billion. However, that figure was flat compared to the prior-year period, weighed down by total comparable sales, falling 1%. Victoria's Secret did manage to recoup its earnings, reporting a net loss of $2 million, or $0.02 per diluted share during the quarter, compared to a net loss of $4 million, or $0.05 per diluted share in the prior-year quarter. 'I am proud of the team and their commitment to adapting and remaining flexible in this challenging and fast-changing environment. We focused on proactively managing the business ensuring we are remaining nimble and protecting investments in what matters most—the customer experience, brand health and product innovation," said Victoria's Secret & Co. CEO, Hillary Super. "I am pleased with the strength the business demonstrated during the March and April timeframe, which included continued momentum in our powerhouse Beauty business, ongoing strength in Pink apparel, and newness in sport and swim as we reclaim our position as a full lifestyle brand." For the full year, the company reaffirmed its forecasted sales range of $6.2 billion to $6.3 billion. Earlier this month, the underwear giant had to temporarily shut down its website for a few days, following a security incident relating to its information technology systems.
