Shares of intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO)
jumped 4.1% in the afternoon session after the broader market rallied after new economic data showed unexpected strength in U.S. consumer spending, boosting investor confidence in the retail sector. The Commerce Department reported that retail sales rose by a better-than-expected 0.6% in June, rebounding from a decline in the prior month. This news eased concerns about a potential economic slowdown and suggested that shoppers are still willing to spend.
Shares of intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO)
fell 3.1% in the morning session after the stock continued a recent downward trend as investors look ahead to the company's upcoming second-quarter earnings announcement. While no specific news was released today, the stock has been under pressure since its last earnings report in June. During that announcement, Victoria's Secret lowered its full-year adjusted operating income guidance, citing an anticipated $50 million impact from tariffs. Investors are also monitoring the potential fallout from a security incident in May that temporarily shut down the company's e-commerce site. Although first-quarter results were not materially affected, the company warned of possible financial impacts in the second quarter due to expenses related to the breach. The stock has been in a technical downtrend, and today's move appears to be a continuation of that negative sentiment as the next earnings date approaches.
On July 2, an unauthorized third party accessed the systems of Louis Vuitton UK and took information such as names, contact details and purchase history, according to a Bloomberg News report.
A highly volatile stock can deliver big gains - or just as easily wipe out a portfolio if things go south.
While some investors embrace risk, mistakes can be costly for those who aren’t prepared.
A company with profits isn’t always a great investment.
Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential.
The lingerie brand is already fighting to fend off a challenge from key shareholder BBRC International, which is blaming the company's board for poor performance.
A number of stocks fell in the afternoon session after the major indices pulled back (Nasdaq -1.3%, S&P 500 -1.1%) as Israel carried out significant strikes on Iranian nuclear and military sites, dramatically escalating fears of a broader conflict in the Middle East. This development has sent crude oil prices surging, as investors fear potential disruptions to global oil supply and a wider regional conflict.
Telsey Advisory Group reiterated Market Perform rating on Victoria's Secret & Co. with a price forecast of $24. Reported in-line earnings and sales, but lowered adjusted operating income guidance for FY25 due to macro pressures and tariffs.
Victoria's Secret CFO Scott Sekella explained how the company plans to manage a $50 million tariff impact across Q2, Q3, and Q4, with a larger effect expected in Q4 due to seasonal volume.
Intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) reported Q1 CY2025 results beating Wall Street’s revenue expectations, but sales were flat year on year at $1.35 billion. On the other hand, next quarter’s revenue guidance of $1.40 billion was less impressive, coming in 1.1% below analysts’ estimates. Its non-GAAP profit of $0.09 per share was significantly above analysts’ consensus estimates.
Intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) reported Q1 CY2025 results topping the market’s revenue expectations, but sales were flat year on year at $1.35 billion. On the other hand, next quarter’s revenue guidance of $1.40 billion was less impressive, coming in 1.1% below analysts’ estimates. Its non-GAAP profit of $0.09 per share was significantly above analysts’ consensus estimates.
