Victorias Secret And Co Stock Price, News & Analysis

Victoria's Secret has launched the Global Fund for Women's Cancers, aiming to enhance cancer research for women. This initiative includes awarding five female cancer researchers with $100,000 each, recognizing their contributions to the field. The Fund, overseen by the American Association for Cancer Research (AACR), will also establish additional grant programs in 2022 and 2023 to support mid-level and early-stage female investigators. This effort seeks to address the historical underfunding of women's cancers and improve health outcomes for millions diagnosed annually.

Victoria’s Secret reported third-quarter 2021 net income of $75.2 million, or $0.81 per diluted share, exceeding guidance of $0.60 to $0.70. This contrasts with last year's net income of $143.4 million ($1.62 per share). Net sales increased 7% to $1.441 billion, but declined 9% compared to 2019. The company forecasts fourth-quarter sales to be flat to up 3% from $2.100 billion, with EPS projected between $2.35 and $2.65.

Victoria's Secret & Co. (NYSE:VSCO) will host a third quarter 2021 earnings conference call on Thursday, Nov. 18, 2021, at 8:00 a.m. ET. The call will be accessible via victoriassecretandco.com or through dial-in numbers for domestic and international participants.

As the world's largest intimates specialty retailer, Victoria’s Secret emphasizes its commitment to inspiring women globally. However, the company faces risks tied to its recent spin-off from Bath & Body Works, economic conditions, and the ongoing COVID-19 pandemic.

MINDD, a bra company designed for D+ women, has partnered with Victoria's Secret (NYSE: VSCO) as their exclusive retailer. Founded by Helena Kaylin, MINDD aims to address the needs of underserved D+ consumers with innovative fit technology called MINDDTech. The partnership, initiated in early 2021, features curated collections of MINDD's popular products on Victoria's Secret's platform. Launched in February 2020, MINDD is committed to sustainability, offering wire-free bras and reducing waste. For more information, visit MINDDBRA.com.

Victoria's Secret has launched its inaugural podcast, VS Voices, hosted by Amanda de Cadenet. Premiering on October 6, 2021, the podcast features iconic women from the VS Collective, sharing their personal stories and advocacy efforts. The series aims to connect listeners through themes of purpose and shared experiences. The first episode features Priyanka Chopra Jonas and covers her journey as an advocate for women. New episodes will be released weekly, contributing to Victoria's Secret’s commitment to inspiring women and fostering positive change.

Victoria's Secret has launched a new initiative in partnership with Stella McCartney to promote breast cancer awareness and the importance of early detection. The campaign runs through October 31, 2021, and features a public service announcement urging women to #CheckYourself. This initiative includes the introduction of the Body by Victoria Mastectomy Bra, with 100% of its sales during October benefiting breast cancer research. Victoria's Secret also commits to invest at least $5 million annually in cancer research.

Victoria's Secret & Co. (NYSE: VSCO) reported a net income of $151.1 million for Q2 2021, translating to earnings per share (EPS) of $1.71, recovering from a net loss of $199.5 million in the same quarter last year. Net sales reached $1.614 billion, a significant increase from $1.066 billion in Q2 2020, although still 10% lower than Q2 2019 sales of $1.785 billion. The company forecasts Q3 2021 sales to rise in the mid- to high-single digits, with projected EPS of $0.60 to $0.70.

Victoria’s Secret & Co. (NYSE:VSCO) will hold its second quarter 2021 earnings conference call on Aug. 19 at 9:30 a.m. ET, following the earnings release on Aug. 18. The call will be available via webcast on the company's website. Victoria’s Secret, a leading intimates retailer with about 1,400 stores globally, aims to inspire women through its diverse product offerings.

Investors can access the live call or its replay through the provided domestic and international dial-in numbers.

Victoria's Secret & Co. (NYSE: VSCO) has successfully completed its separation from Bath & Body Works, Inc., becoming a standalone public company. The distribution was executed on August 2, 2021, with Bath & Body Works shareholders receiving one share of Victoria's Secret for every three shares held as of July 22, 2021. CEO Martin Waters expressed confidence in the brand's repositioning and growth potential in the competitive retail market. The company will focus on delivering improved financial results, brand loyalty, and omnichannel capabilities.