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Victoria's Secret & Co. ($VSCO) reported its fourth-quarter earnings for 2024, revealing net sales of $2.106 billion, a 1% increase from $2.082 billion in the fourth quarter of 2023. The company achieved a net income of $193 million and an adjusted earnings per share (EPS) of $2.60. Comparable sales rose by 5%, attributed to strong holiday performance across various brands and channels. Despite these positive results, the stock experienced a pre-market decline of 3.2%, as the company indicated potential near-term headwinds that could impact future performance.
$VSCO (-3.2% pre) Victoria's Secret tops estimates, but warns on near-term headwinds https://t.co/YxXps3wAPb
Victoriaโs Secret & Co., $VSCO, Q4-24 Results: ๐ Adj. EPS: $2.60 ๐ข ๐ฐ Revenue: $2.11B ๐ข ๐ Net Income: $193M ๐ Comparable sales rose 5%, driven by strong holiday performance across brands and channels.
$VSCO Earnings: - Net sales of $2.106 billion for the 13-week fourth quarter of 2024, an increase of 1% compared to net sales of $2.082 billion for the 14-week fourth quarter of 2023. Total comparable sales for the fourth quarter of 2024 increased 5%. - Net income of $193โฆ https://t.co/7vvmA7kAo9
