Victoria's Secret Sees Q2 Preliminary Adj EPS Of $0.34 - $0.39 (Est $0.15) Vs. Prior Outlook Of $0.05 - $0.20; Net Sales Growth Of (1%) - (2%) Vs Prior Guidance Of (1%) - (3%)
Portfolio Pulse from Benzinga Newsdesk
Victoria's Secret has announced its preliminary Q2 adjusted EPS to be between $0.34 and $0.39, significantly higher than the estimated $0.15 and the prior outlook of $0.05 to $0.20. The company also updated its net sales growth to a range of -1% to -2%, compared to the previous guidance of -1% to -3%.
August 14, 2024 | 11:31 am
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Victoria's Secret has significantly raised its Q2 preliminary adjusted EPS to $0.34-$0.39, well above the estimated $0.15 and prior outlook of $0.05-$0.20. The company also improved its net sales growth guidance to -1% to -2% from -1% to -3%.
The significant increase in preliminary adjusted EPS and improved net sales growth guidance are positive indicators for Victoria's Secret. This suggests better-than-expected financial performance, likely leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100