Victoria's Secret Q2 EPS $0.24 Misses $0.26 Estimate, Sales $1.43B Miss $1.44B Estimate
Portfolio Pulse from Happy Mohamed
Victoria's Secret (NYSE:VSCO) reported Q2 earnings of $0.24 per share, missing the analyst consensus estimate of $0.26 by 7.69%. The company's quarterly sales were $1.43 billion, missing the estimate of $1.44 billion by 0.90%. This represents a 77.98% decrease in earnings and a 6.18% decrease in sales compared to the same period last year.
August 30, 2023 | 8:16 pm
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NEGATIVE IMPACT
Victoria's Secret's Q2 earnings and sales missed estimates, indicating a significant decrease in performance compared to the same period last year.
Victoria's Secret reported lower than expected earnings and sales for Q2, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100