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Victoria's Secret (VSCO) To Report Earnings Tomorrow: Here Is What To Expect

StockStory - Tue Nov 28, 2023

VSCO Cover Image

Intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) will be announcing earnings results tomorrow after market hours. Here's what to expect.

Last quarter Victoria's Secret reported revenues of $1.43 billion, down 6.2% year on year, missing analyst expectations by 0.7%. It was a weak quarter for the company, with a miss of analysts' earnings and revenue estimates.

Is Victoria's Secret buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Victoria's Secret's revenue to decline 3.7% year on year to $1.27 billion, improvement on the 8.5% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.78 per share.

Victoria's Secret Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates five times over the last two years.

Looking at Victoria's Secret's peers in the apparel retailer segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Abercrombie and Fitch delivered top-line growth of 20% year on year, beating analyst estimates by 7.7% and American Eagle reported revenues up 4.9% year on year, exceeding estimates by 1.6%. Abercrombie and Fitch traded down 4.3% on the results, American Eagle was down 12.8%.

Read our full analysis of Abercrombie and Fitch's results here and American Eagle's results here.

There has been positive sentiment among investors in the apparel retailer segment, with the stocks up on average 10.3% over the last month. Victoria's Secret is up 24.1% during the same time, and is heading into the earnings with analyst price target of $19.3, compared to share price of $21.5.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.