Victorias Secret And Co Stock Price, News & Analysis

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.

Victoria's Secret has launched its first design collaboration with athlete Naomi Osaka, celebrating self-care and dreams through a new collection. This collection features casual sleepwear and intimates, including the new Forever Bra with fully recyclable pads. The pieces range from $32 and include various styles in soft color palettes. The collection is available nationwide and online, aiming to inspire women to embrace self-love and tranquility.

Victoria’s Secret & Co. (NYSE:VSCO) will report its fourth quarter and full fiscal year 2022 earnings on March 2, 2023. A live conference call is scheduled for March 3, 2023, at 8:00 a.m. ET, where executives will discuss the results. Investors can access the call through the company’s website or by phone. The release will include insights into the company's financial performance and strategic plans. Victoria’s Secret is known for its lingerie and beauty products, operating approximately 1,350 retail stores worldwide, and is committed to empowering its associates and delivering quality products.

Victoria’s Secret & Co. (NYSE: VSCO) has announced a significant share repurchase program, entering into an accelerated share repurchase agreement (ASR) with Goldman Sachs to buy back $125 million of its common stock. This transaction will begin with an initial delivery of approximately 2.5 million shares on February 3, 2023. Concurrently, the company raised its fourth quarter 2022 guidance, projecting operating income between $265 million to $275 million. Additionally, earnings per share are now expected to be $2.25 to $2.35, an increase from prior estimates.

Victoria’s Secret & Co. (NYSE: VSCO) announced a new share repurchase program authorizing the buyback of up to $250 million in common stock. This program follows the completion of a previous buyback initiative. The company projects fourth quarter 2022 operating income between $245 million and $265 million, with diluted EPS anticipated to range from $2.05 to $2.25, indicating slightly less optimistic guidance than previously communicated. The firm expects a high-single digit decline in net sales compared to $2.175 billion last year.

Victoria’s Secret & Co. (NYSE: VSCO) has completed the acquisition of Adore Me, Inc., a digitally-native intimates brand. This acquisition aims to enhance VSCO's digital focus and customer engagement. Adore Me is expected to generate approximately $250 million in profitable sales for fiscal year 2022. The deal is anticipated to be accretive to earnings and cash flow in 2023, enabling VSCO to leverage Adore Me’s technology for a better shopping experience. CEO Martin Waters expressed optimism about the growth potential and synergies created by this acquisition.

Victoria’s Secret reported third quarter 2022 results, showcasing net income of $24 million ($0.29 per diluted share), exceeding previous guidance. However, this marks a decline from $75 million ($0.81 per diluted share) in Q3 2021. Operating income was $43 million, also above guidance but down from $108 million a year prior. Net sales dropped 9% to $1.318 billion, with comparable sales down 11%. The company anticipates Q4 sales to decrease in the high-single digit range, forecasting full-year net sales to decline by 6-7%. An acquisition of Adore Me is expected to finalize by January 2023.