Victoria's Secret & Co (NYSE:VSCO) reported Q4 financial results with revenue of $2.08 billion missing estimates by $0.01 billion, but EPS of $2.58 beat estimates by $0.11. The company generated $589 million in operating cash flow, paid down $410 million on its credit facility, and ended with $270 million in cash. A new $250 million share repurchase program was authorized. FY2023 saw 3.7 million shares repurchased for $125 million. CEO Martin Waters emphasized commitment to strategic priorities despite a downturn in the intimates market. Q1 net sales are expected to decrease mid-single digit range, with adjusted operating income between $10 million and $35 million. Full-year 2024 revenue is projected at $6 billion, below estimates of $6.28 billion. Shares fell 22.2% after hours to $19.95.