Victoria's Secret Q3 Adj $(0.86) Misses $(0.78) Estimate, Sales $1.26B Miss $1.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Victoria's Secret (NYSE:VSCO) reported a Q3 adjusted loss of $(0.86) per share, missing the $(0.78) estimate, and sales of $1.26B, falling short of the $1.27B estimate. This represents a 396.55% decrease in earnings and a 4.02% drop in sales compared to the same period last year.
November 29, 2023 | 9:16 pm
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NEGATIVE IMPACT
Victoria's Secret reported a significant Q3 loss and a slight miss in sales, indicating a substantial decrease in earnings from the previous year.
The reported earnings miss and lower sales are likely to negatively impact investor sentiment and the stock price in the short term. The substantial decrease in earnings compared to last year further exacerbates the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100