CORRECTION: Victoria's Secret Guided Q2 Adj. EPS $0.05-$0.20 vs $0.08 Est.; Expects Q2 Net Sales To Decrease In Low-Single Digit Range Compared To Last Year's Q2
Portfolio Pulse from Benzinga Newsdesk
Victoria's Secret has revised its Q2 adjusted EPS guidance to $0.05-$0.20, compared to the previous estimate of $0.08. The company also expects Q2 net sales to decrease in the low-single digit range compared to last year's Q2.
June 06, 2024 | 11:01 am
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Victoria's Secret has revised its Q2 adjusted EPS guidance to $0.05-$0.20, compared to the previous estimate of $0.08. The company also expects Q2 net sales to decrease in the low-single digit range compared to last year's Q2.
The downward revision in EPS guidance and expected decrease in net sales are likely to negatively impact investor sentiment and the stock price in the short term.
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