Victoria's Secret Q2 2024 Adj EPS $0.40 Beats $0.36 Estimate, Sales $1.42B Beat $1.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Victoria's Secret reported Q2 2024 earnings per share of $0.40, surpassing the analyst estimate of $0.36. Sales were $1.42 billion, slightly above the $1.41 billion estimate, but down 0.70% from the previous year.
August 28, 2024 | 8:17 pm
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POSITIVE IMPACT
Victoria's Secret's Q2 2024 earnings per share of $0.40 exceeded expectations, and sales were slightly above estimates. However, sales decreased by 0.70% compared to the previous year.
The positive earnings surprise and sales beating estimates are likely to have a favorable impact on the stock price in the short term. However, the slight year-over-year sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100