Victoria's Secret & Co. Sees FY23 Net Sales To Decrease In The Low-Single Digit Range Compared To Last Year And We Expect The Adjusted Operating Income Rate To Be In The Range Of 5%-6% Of Net Sales
Portfolio Pulse from Happy Mohamed
Victoria's Secret & Co. forecasts FY23 net sales to decrease in the low-single digit range compared to last year. The adjusted operating income rate is expected to be in the range of 5%-6% of net sales, consistent with the current analyst consensus estimate.
August 30, 2023 | 8:19 pm
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Victoria's Secret & Co. expects a decrease in FY23 net sales and an adjusted operating income rate of 5%-6% of net sales. This is in line with current analyst consensus estimates.
The company's forecast of a decrease in net sales for FY23 indicates a potential slowdown in growth, which could negatively impact the stock price in the short term. However, the fact that this forecast is in line with current analyst consensus estimates suggests that this information may already be priced into the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100