Victoria's Secret Reports Q1 Preliminary Adjusted EPS Of $0.07 - $0.12, Up From Prior Guidance Of $(0.15) - $0.10 (Est $(0.03))
Portfolio Pulse from Benzinga Newsdesk
Victoria's Secret has updated its Q1 preliminary earnings per share (EPS) to $0.07 - $0.12, an improvement from its previous guidance of $(0.15) - $0.10. Additionally, the company now expects Q1 net sales growth to be between (3%) to (4%), better than the earlier forecast of (4%) to (6%).
May 09, 2024 | 9:57 pm
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POSITIVE IMPACT
Victoria's Secret has positively revised its Q1 earnings and sales growth outlook, indicating a stronger financial performance than initially anticipated.
The upward revision in both EPS and net sales growth forecasts for Q1 suggests that Victoria's Secret is performing better than expected, which is likely to positively influence investor sentiment and potentially lead to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100