Overview
Victoria's Secret Q3 net sales rise 9% yr/yr
Adjusted loss per share comes in at $0.27, less than analysts' expectations
Company raises full-year 2025 net sales and earnings guidance
Outlook
Victoria's Secret raises full-year 2025 net sales forecast to $6.450 bln-$6.480 bln
Company expects full-year 2025 adjusted EPS of $2.40-$2.65
Fourth-quarter net sales forecasted at $2.170 bln-$2.200 bln
Result Drivers
PATH TO POTENTIAL STRATEGY - Co attributes Q3 net sales growth to execution of its Path to Potential strategy
GROSS MARGIN EXPANSION - Co reports 170 basis point expansion in adjusted gross margin due to reduced promotions and higher regular-priced selling
GLOBAL EXPANSION - Co cites accelerating global growth as a key driver of Q3 performance
Victoria's Secret shares jumped 9.6% in premarket trading.
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted EPS | Beat | -$0.27 | -$0.59 (9 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
Wall Street's median 12-month price target for Victoria's Secret & Co is $35.00, about 15.8% below its December 4 closing price of $41.57
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nGNX9153CV
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
