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Victoria`s Secret & Co - VSCO STOCK NEWS

Welcome to our dedicated news page for Victoria`s Secret & Co (Ticker: VSCO), a resource for investors and traders seeking the latest updates and insights on Victoria`s Secret & Co.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Victoria`s Secret & Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Victoria`s Secret & Co's position in the market.

Rhea-AI Summary
Victoria’s Secret & Co. reported strong financial results for Q4 2023, with adjusted operating income and EPS at the high end of guidance. The company generated $590 million in operating cash flow and reduced debt by over $150 million year-over-year. Sales trends were volatile but showed improvement in North America. International sales increased by 24%. The company's gross margin rate exceeded expectations due to inventory management and cost reductions. The CEO highlighted strategic priorities and growth initiatives for the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-29.7%
Tags
earnings
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Rhea-AI Summary
Victoria’s Secret & Co. (VSCO) will hold a live webcast for its fourth quarter 2023 earnings release on March 7th, 2024. Investors can join the conference call with executives to discuss financial updates and performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
earnings
-
Rhea-AI Summary
Victoria's Secret & Co. (VS&Co) partners with Google Cloud to enhance online shopping experiences and drive operational efficiencies. Leveraging Google Cloud's AI and generative AI technologies, VS&Co aims to create personalized customer experiences at scale and improve internal operations. The partnership also involves integrating Adore Me's technology and expertise to accelerate the modernization of VS&Co's digital platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
Tags
AI
Rhea-AI Summary
Victoria’s Secret & Co. (VSCO) reported third quarter 2023 financial results, with improving sales trend in North America and strong November sales growth. The company's CEO, Martin Waters, highlighted the successful execution of growth initiatives, including a new loyalty program, digital customer experience enhancements, product launches, and the return of the iconic fashion show. November sales and margin results were the best in nearly two years, driven by holiday merchandise assortment, improved customer experiences, and a powerful marketing message with Mariah Carey.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.29%
Tags
earnings
-
Rhea-AI Summary
Victoria's Secret & Co. (NYSE:VSCO) invites you to listen to a live webcast of their third quarter 2023 earnings conference call on November 30th at 8:00 a.m. ET. The call will be available on victoriassecretandco.com and via phone. Domestic and international dial-in and replay numbers are provided for participation and access to the archived call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
earnings
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Rhea-AI Summary
Victoria's Secret and PINK launch their first-ever collections of intimates for women with disabilities
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.44%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
Tags
none
-
Rhea-AI Summary
Victoria’s Secret & Co. to host investor day on October 12, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
conferences
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Rhea-AI Summary
Victoria’s Secret: The Tour’23 is now available to stream on Prime Video, showcasing the creation of The Tour and featuring top models and artists. Customers can shop the Tour-inspired collection on VictoriasSecret.com and in the Amazon Fashion store.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
Tags
none
Rhea-AI Summary
Victoria’s Secret expects improving sales trends in Q3 and Q4 with adjusted operating income rate of 5% to 6% for full year 2023. International business experienced sales growth of over 25%. Lean inventory levels and better August sales trends indicate positive outlook. Initiatives such as loyalty program, merchandise strategy, and marketing investment aim to drive growth. Q2 net loss of $1 million, operating income of $26 million, and net sales decrease of 6%. Q3 net sales forecasted to decrease in low- to mid-single digit range. Full year 2023 net sales expected to decrease in low-single digit range with adjusted operating income rate of 5% to 6%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.91%
Tags
earnings
Victoria`s Secret & Co

NYSE:VSCO

VSCO Rankings

VSCO Stock Data

1.50B
62.88M
11.23%
96.03%
11.98%
Women's Clothing Stores
Retail Trade
Link
United States
Reynoldsburg

About VSCO

victoria’s secret is an iconic specialty retail brand that needs no introduction. our name is equivalent to all things feminine and sexy including our intimate apparel, fashion-inspired collections, sleepwear, prestige fragrances, beauty products, celebrated supermodels and a world-famous runway show. sexy and sophisticated, powerful and dominant, known and desired around the world – this is victoria’s secret. the business of improving lives. part of the l brands family, working for victoria’s secret means sharing a vision of being the best in the world and living our values – four core principles that have guided and shaped our company since 1963: the customer rules– everything we do must begin and end with an insatiable drive to anticipate and fulfill our customers’ desires. passion leads to success- we pursue excellence because we are emotionally, intellectually and spiritually engaged in our work ... and that makes our talents formidable and our results extraordinary.