What's Going On With Lingerie Giant Victoria's Secret Stock Today?
Portfolio Pulse from Lekha Gupta
Victoria's Secret & Co. (NYSE:VSCO) shares fell 8% after reporting Q2 results. Revenue slightly beat expectations, but comparable sales decreased. Adjusted EPS exceeded estimates. The company revised its full-year outlook, expecting a 1% sales decrease. New CEO Hillary Super will start on September 9. Investors can access VSCO via SPDR S&P Retail ETF (NYSE:XRT).
August 29, 2024 | 1:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Victoria's Secret shares fell 8% after Q2 results. Revenue beat expectations, but comparable sales decreased. Adjusted EPS exceeded estimates. The company revised its full-year outlook, expecting a 1% sales decrease.
Despite beating revenue and EPS expectations, the decrease in comparable sales and a revised full-year outlook indicating a sales decline led to an 8% drop in stock price. The market reacted negatively to the sales decline and outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to Victoria's Secret through the SPDR S&P Retail ETF (XRT).
XRT provides exposure to Victoria's Secret, but the direct impact on XRT is limited as it is a diversified retail ETF. The news is more relevant to VSCO than XRT.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50