Victoria's Secret reported Q1 FY24 results with a revenue decline of 3.4% and a 5% decrease in total comparable sales. CEO remains cautiously optimistic for future performance.
Second Quarter and Full Year 2024 OutlookThe Company is forecasting second quarter 2024 net sales to decrease in the low-single digit range compared to last year's second quarter net sales of $1.427 billion. At this
U.S. stocks are gearing up for a cautiously optimistic start on Wednesday after a late-session recovery led to a positive close in the previous session.
Victoria's Secret reported strong first-quarter FY24 preliminary results with adjusted EPS of $0.07-$0.12, sales growth of (3%)-(4%), and reaffirmed FY24 revenue outlook of $6 billion.