Tranzactioneaza Victorias Secret And Co (US.VSCO) - 55.2 USD (%) Tranzactioneaza

Victoria’s Secret Is Still a Show-Me Story

It has been 10 months since Victoria’s Secret (US.VSCO) spun off from L Brands and revamped its brand to be more women-centric. While the message is starting to resonate with consumers and Wall Street analysts, it is taking longer to reach investors. Victoria’s Secret said on Tuesday that its total revenue declined 4.5% in the quarter ended April 30, at the high end of its own guidance and better than the 5.2% decline analysts polled by Visible Alpha expected. Chief Executive Officer Martin Waters said on a call with analysts on Wednesday that bras and beauty sales gained good momentum, as did international business as countries recovered from Covid-related restrictions. Lounge and sleepwear, which sold well during the pandemic, is doing less well as consumers shift spending to outerwear and work clothes, the company’s executives said on the call. At its peak, sleep and loungewear accounted for up to a quarter of sales at the Victoria’s Secret brand. Apparel accounts for roughly 40% of sales at PINK, the company’s young women-focused brand.

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Short week, a new streak, and the jobs report: What to watch in markets this week (DE.SXR8) (DE.SXRU) (DE.SXRV)

A bounce in U.S. stocks last week snapped a seven-week losing streak for the S&amp P 500 and Nasdaq, while the Dow logged gains for the first time in eight weeks. All three major indexes logged weekly gains of at least 5%, buoyed by a batch of upbeat economic data and more positively received earnings reports from the retail sector. The S&amp P 500 has snapped a losing streak of this length only three other times in history — 1970, 1980, and 2001 — and twice the index rose 33% over the next 12 months, according to data from LPL Financial.&nbsp

Monday:&nbsp Memorial Day.&nbsp

Tuesday: Kirkland's, HP, Salesforce.com, Victoria’s Secret (US.VSCO), ChargePoint, Ambarella.

Wednesday: GameStop (US.GME), Chewy, PVH, Hewlett Packard Enterprises, Pure Storage, American Superconductor.

Thursday: Hormel Foods, Lululemon (US.LULU), Okta.

what to watch in markets this week may 153030161 31.2022

Victoria’s Secret (US.VSCO) refers to Ukraine war and inflation as it offers dismal first-quarter outlook

Victoria’s Secret seesawed in after-hours trading Wednesday after the lingerie retailer issued a downbeat outlook for the coming quarter, cautioning that it still sees challenges ahead — including inflation and “global unrest,” a reference to Russia’s war on Ukraine.

victorias secret vsco reports q4 2021 earnings 2022