Workflow
Victoria's Secret & Co(VSCO.US)Market Likely to see 2Q EPS Upside and CEO Appointment as Positive

Global Research and Evidence Lab 14 August 2024 First Read Victoria's Secret & Co CEO Appointment as Positive Market Likely to see 2Q EPS Upside and What happened: VSCO pre-announced above-consensus 2Q EPS... VSCO pre-announced 2Q24 results and now anticipates 0.340.34-0.39 EPS, above its prior 0.050.05-0.20 outlook. We note the Street has been modeling 0.16Q2EPS.WithinitsnewQ2outlook,VSCOexpectsnetsalestobedown120.16 Q2 EPS. Within its new Q2 outlook, VSCO expects net sales to be down 1-2% vs. prior down 1-3% y/y. VSCO also raised its Q2 EBIT dollar guidance to 57-$62 ...