Victoria's Secret & Co. Sees Q2 EPS $0.05-$0.20 Vs $0.08 Est.; Revenue $1.427B Vs $1.38B Est.; Reaffirms FY24 Revenue Guidance Of $6B Vs 5.99B Est.
Portfolio Pulse from Benzinga Newsdesk
Victoria's Secret & Co. (VSCO) has provided its Q2 and FY24 outlook. The company expects Q2 EPS to be between $0.05 and $0.20, higher than the $0.08 estimate, and revenue to be $1.427 billion, above the $1.38 billion estimate. For FY24, the company reaffirms its revenue guidance of $6 billion, slightly above the $5.99 billion estimate.
June 05, 2024 | 8:36 pm
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Victoria's Secret & Co. (VSCO) has provided a positive Q2 and FY24 outlook, with Q2 EPS and revenue estimates exceeding expectations. The reaffirmation of FY24 revenue guidance also slightly surpasses estimates.
The positive Q2 EPS and revenue estimates, along with the reaffirmation of FY24 revenue guidance, indicate a strong performance outlook for Victoria's Secret & Co. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100