Victoria’s Secret & Company ( (VSCO) ) has released its Q4 earnings. Here is a breakdown of the information Victoria’s Secret & Company presented to its investors.
Victoria’s Secret & Co., a leading specialty retailer in the fashion industry, is known for its modern, fashion-inspired collections including lingerie, apparel, and beauty products. The company recently reported its fourth-quarter and full-year 2024 financial results, showcasing a strong performance during the holiday season with a notable increase in comparable sales and operating income.
In the fourth quarter of 2024, Victoria’s Secret & Co. achieved net sales of $2.106 billion, marking a 1% increase compared to the previous year, despite having one less week in the quarter. The company’s net income rose to $193 million, or $2.33 per diluted share, surpassing expectations. Adjusted net income was reported at $216 million, or $2.60 per diluted share, reflecting a positive trend in financial performance.
For the full year 2024, the company reported net sales of $6.230 billion, a slight increase from the previous year. Net income for the year was $165 million, or $2.05 per diluted share, with adjusted net income reaching $218 million, or $2.69 per diluted share. The company successfully managed inventory and costs, contributing to improved margins and operating income.
Looking ahead to 2025, Victoria’s Secret & Co. acknowledges the challenges posed by an uncertain macroeconomic environment and shifting consumer confidence. The company forecasts net sales for the first quarter of 2025 to range between $1.30 billion and $1.33 billion, with a full-year projection of $6.2 billion to $6.3 billion. Management remains optimistic about executing strategies to drive growth in both North America and international markets.