Welcome to our dedicated page for Victorias Secret And Co news (Ticker: VSCO), a resource for investors and traders seeking the latest updates and insights on Victorias Secret And Co stock.
Victoria's Secret & Co (NYSE: VSCO) maintains its position as a global leader in intimate apparel and beauty retail through strategic innovation and brand evolution. This news hub provides investors and industry observers with essential updates on corporate milestones, financial performance, and market initiatives.
Access authoritative coverage of VSCO's earnings reports, leadership announcements, product launches, and partnership developments. Our curated collection ensures timely access to press releases detailing operational expansions, sustainability efforts, and design innovations that shape the company's trajectory.
Key updates include quarterly financial disclosures, strategic collaborations in fashion retail, advancements in omnichannel sales platforms, and developments in VSCO's expanding lifestyle product categories. Track material events influencing the company's position in competitive specialty retail markets.
Bookmark this page for streamlined monitoring of VSCO's business developments. Return regularly to stay informed about critical updates affecting investment analysis and market perception of this iconic retail brand.
Victoria's Secret has relaunches its signature Heavenly Eau de Parfum with a revamped look, featuring global fashion icon Adriana Lima as the face of the campaign. This marks Lima's return to the brand, signaling the brand's commitment to celebrating femininity. The fragrance combines effervescent fruits, white florals like freesia and jasmine, and warm notes of sandalwood and vanilla. The full Heavenly collection includes Heavenly Dream Angel Eau de Parfum, boasting raspberry nectar and amber crystals.
The campaign is set to elevate the brand's identity and engage loyal customers.
Victoria's Secret & Co. (NYSE: VSCO) reported its fourth quarter and full year 2022 financial results, revealing a diluted EPS of $2.10, a decrease from $2.70 in Q4 2021. Adjusted diluted EPS was $2.47, exceeding guidance. Net sales for Q4 2022 declined by 7% to $2.021 billion, in line with expectations. For the full year, net income fell to $348 million from $646 million, with a 6% decrease in net sales to $6.344 billion. Looking ahead, the company forecasts mid-single-digit growth in net sales for 2023 and a decrease in Q1 sales. A new share repurchase program has been initiated, reflecting ongoing capital allocation efforts.
Victoria’s Secret & Co. (NYSE: VSCO) announced the pilot launch of its first-ever rewards program, The VS & PINK Collective, designed for customers of Victoria’s Secret and PINK. This program allows customers to earn rewards regardless of their payment method, enhancing customer experience and value.
The pilot will involve 30% of customers in selected U.S. states to gather feedback before the full rollout later this year. Members can progress through three tiers: Insider, All-Access, and VIP, based on annual spending. Cardmembers will earn points faster, and the program aims to create long-term customer relationships and engagement.
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