Victoria's Secret Sees Q4 Net Sales Up 2-4%, Adj. EPS $2.20-$2.60 vs $2.43 Est.; Sees FY24 Net Sales Down 2-3%, Adj. EPS $2.20-$2.60 vs $2.16 Est.
Portfolio Pulse from Benzinga Newsdesk
Victoria's Secret forecasts Q4 net sales to increase by 2-4% and adjusted EPS to be between $2.20-$2.60, compared to the estimated $2.43. For FY24, the company expects net sales to decrease by 2-3% and adjusted EPS to range from $2.20-$2.60, versus the estimated $2.16.
November 29, 2023 | 9:17 pm
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NEUTRAL IMPACT
Victoria's Secret anticipates a Q4 net sales increase and a higher adjusted EPS than estimated. However, FY24 net sales are expected to decline, with an adjusted EPS forecast that exceeds estimates.
The mixed forecast with Q4 sales growth and a higher EPS than expected could be seen positively by investors, but the anticipated sales decline in FY24 might raise concerns. The EPS forecast for FY24 being above estimates may offset some negative sentiment. Overall, the impact on the stock price is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100