Victorias Secret And Co Stock Price, News & Analysis

Victoria's Secret, in partnership with Pelotonia, awarded $100,000 each to five female cancer researchers during the AACR Annual Meeting. This marks the inaugural presentation of the Global Fund for Women’s Cancers, which will allocate $5 million annually to support research in women's cancers, building on over $21 million previously funded since 2011. The awardees were recognized for their significant contributions to the understanding and treatment of women’s cancers. The Fund aims to enhance collaboration and mentorship among women in cancer research.

Victoria's Secret & Co. (NYSE: VSCO) announced a joint venture with Regina Miracle International (HKG: 2199) to operate its stores and online business in China. Victoria's Secret will hold a 51% stake while Regina Miracle will own 49%. The company received $45 million from Regina Miracle as part of this deal. CEO Martin Waters expressed confidence that the partnership will spur growth by leveraging Regina Miracle's market expertise. The company does not expect this transaction to materially affect its financial guidance for Q1 fiscal 2022.

Victoria's Secret & Co. (NYSE: VSCO) has announced the acquisition of an $18 million minority interest in Frankies Bikinis, a women-founded beachwear brand based in Venice, California. The acquisition aims to enhance partnerships with culturally relevant brands led by women entrepreneurs. CEO Martin Waters emphasized the growth potential in the direct-to-consumer channel and new product categories. This investment aligns with Victoria's Secret's strategy to diversify and expand its offerings, although it is not expected to materially impact the company's first-quarter outlook for 2022.

Victoria’s Secret & Co. (NYSE: VSCO) announced its fourth quarter and full year 2021 results, reporting a net income of $246.1 million for Q4 2021, with diluted earnings per share of $2.70, outperforming previous guidance. However, this represents a decline from $282.4 million in Q4 2020. For the full year, net income was $646.4 million, up from a loss of $72.3 million in 2020. The company initiated a new $250 million share repurchase program following a completed accelerated share repurchase. Looking ahead, Q1 2022 sales are forecasted to decline against Q1 2021, with EPS estimated between $0.70 and $0.95.

Victoria’s Secret has announced a $7 million investment in women-led businesses, partnering with Amplifyher Ventures. This initiative aims to close the ongoing gender funding gap and promote women's leadership in entrepreneurship and investment. By supporting women entrepreneurs, Victoria's Secret seeks to empower a more diverse and successful business landscape, leveraging data that shows women-led companies outperform their male counterparts. The company, with a primarily female workforce, emphasizes its commitment to fostering opportunities for women.

Victoria’s Secret & Co. (NYSE:VSCO) will release its fourth quarter and full fiscal year 2021 earnings on March 2, 2022, after market close. A live webcast of the earnings conference call is scheduled for March 3, 2022, at 8:00 a.m. ET. Interested parties can access the call through the company’s website or via provided dial-in numbers. The press release also notes the company's commitment to women's empowerment and its position as a leading intimate apparel retailer.

Victoria's Secret unveils its new Love Cloud collection on February 17, 2022, featuring bras and panties designed for all-day comfort. This collection is modeled by a diverse group of eighteen women, highlighting the brand's commitment to inclusivity. Priced from $39.50 for bras and $16.50 for panties, the line includes six bra styles and three matching panty styles, emphasizing functionality without sacrificing style. The Love Cloud collection aims to redefine comfort in lingerie, marking a significant step in Victoria's Secret's evolving vision.

Victoria's Secret has announced a joint venture with Regina Miracle International to operate its business in China. Victoria's Secret will own 51% of the JV, with Regina Miracle holding 49%. This partnership aims to enhance product development, distribution, and marketing in the Chinese market. The company anticipates this initiative will have a minimal impact on its fourth quarter earnings. The agreement is subject to regulatory clearance, expected in the first quarter of fiscal 2022, and includes a cash consideration of $45 million from Regina Miracle.

Victoria’s Secret & Co. (NYSE: VSCO) announced a $250 million accelerated share repurchase agreement with Goldman Sachs to buy back shares, signaling confidence in the company's financial health. The initial delivery includes approximately 4.1 million shares, with the final amount based on average stock price adjustments. The company reaffirmed its fourth quarter guidance, projecting sales between flat to 3% above last year's $2.1 billion, operating income of $295-$335 million, and diluted EPS of $2.35 to $2.65. CEO Martin Waters expressed optimism about performance and cash flow stability.