行业投资评级 - 报告对Victoria's Secret & Co的12个月评级为“卖出”，目标价格为13美元 [2] - 当前股价为19.07美元，预计未来12个月股价将下跌31.8% [2][3] 核心观点 - Victoria's Secret & Co在2024年第二季度的每股收益（EPS）预期为0.34-0.39美元，高于此前预期的0.05-0.20美元，且高于市场预期的0.16美元 [2] - 公司预计第二季度净销售额同比下降1-2%，较此前预期的1-3%有所改善 [2] - 第二季度EBIT预期上调至5700-6200万美元，此前预期为3000-4500万美元 [2] - 公司宣布Hillary Super将于9月9日接任CEO，市场对此持积极态度，认为其过往经验有助于公司转型 [2] - 尽管短期内有积极因素推动股价上涨，但报告认为公司面临长期结构性挑战，包括市场份额流失和内衣类别的激烈竞争 [2] 财务表现 - 2024年第二季度预期EPS为0.34-0.39美元，高于市场预期的0.16美元 [2] - 2024年全年EPS预期为1.55美元，2025年预期为2.20美元 [2] - 2024年预期净销售额为59.78亿美元，2025年预期为61.15亿美元 [2] - 2024年预期EBIT为2.55亿美元，2025年预期为2.95亿美元 [2] 估值与市场表现 - 当前市值为15.4亿美元，股价为19.07美元 [2] - 52周股价区间为14.30-30.50美元 [2] - 市净率（P/BV）为3.4倍，净债务与EBITDA比率为1.2倍 [2] - 预计未来12个月股价将下跌31.8%，股息收益率为0% [3] 行业与竞争 - Victoria's Secret & Co面临来自新兴内衣品牌和低价零售商的竞争，导致北美市场份额流失 [2] - 内衣类别的促销活动增加，进一步压缩了公司的利润率 [2] - 消费者支出疲软可能对2024年下半年销售产生负面影响 [2]

Shares jumped after it named a new CEO. Shares of Victoria's Secret (VSCO 14.66%) were surging today after the struggling apparel company named a new CEO, Hillary Super. Investors seem to be hopeful that the move will lead to a turnaround for the business. As of 1:17 p.m. ET on Wednesday, the stock was up 14.6% on the news. Meet the new boss Victoria's Secret said this morning that Super would replace Martin Waters as CEO and member of the board, taking over on Sept. 9. Super was most recently the CEO of Sa ...

Key Takeaways Victoria's Secret named Hillary Super as its new chief executive, effective Sept. 9. Super previously served as CEO of Savage X Fenty, the lingerie company founded by Rihanna in 2018. The retailer also posted preliminary second-quarter adjusted EPS that surpassed prior guidance. Victoria's Secret (VSCO) shares jumped in intraday trading Wednesday after the company appointed a new chief executive and posted preliminary second-quarter adjusted earnings per share (EPS) that topped prior guidance. ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Topline Shares of lingerie brand Victoria's Secret were up as much as 18% in premarket trading Wednesday morning after the struggling brand announced it would hire Hillary Super, former CEO of Rihanna's popular Savage x Fenty brand, as its new chief executive. Victoria's Secret store in Bergamo, Italy on September 4, 2023. NurPhoto via Getty Images Key Facts Shares of Victoria's Secret were trading at $22.50 in pre-market on the news, which will see Super in the position effective Sept. 9 to replace Martin ...

Seasoned executive and proven merchant operator to take brands to the next level Preliminary Q2 results at the top end or above company guidance for sales, adjusted operating income, and adjusted earnings per share REYNOLDSBURG, Ohio, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Victoria's Secret & Co. ("VS&Co" or the "Company") (NYSE: VSCO) today announced that its Board of Directors (the "Board") has appointed Hillary Super as Chief Executive Officer and a member of the Board, effective September 9, 2024. Super succ ...

REYNOLDSBURG, Ohio, Aug. 07, 2024 (GLOBE NEWSWIRE) -- In conjunction with the Victoria's Secret & Co. (NYSE: VSCO) second quarter 2024 earnings release, which will cross the wire after market close on Wednesday, August 28th, you are invited to listen to a live webcast of the conference call on Thursday, August 29th at 8:00 a.m. ET with Victoria's Secret & Co. executives. What: Victoria's Secret & Co. Second Quarter 2024 Earnings Conference Call Webcast When: 8:00 a.m. ET on Thursday, August 29th, 2024 Where ...

The new collection introduces Dream Angels® with Love Cloud™ Innovation – proving you never have to sacrifice craftsmanship for comfort. NEW YORK, July 25, 2024 /PRNewswire/ -- Today, Victoria's Secret announced the launch of Victoria's Secret Dream, a collection that combines the ultimate experience in beauty and everyday comfort – a match made in heaven. Lensed by acclaimed photographer Angelo Pennetta and styled by the talented Emmanuelle Alt at Longleat House in England, the campaign captures the romant ...

Analysis Rating: Filtered By: VSCO (2) × Analyst's Rating History on VSCO g Sel 40 36 20 Jul '23 Data by YCharts Victoria's Secret & C.o. (NYSE: VSCO) operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. We have started overage on the firm in September 2023, with an initial bearish rating, stating that the firm's stock may just be a value trap. We have reiterated this "sell" rating in March 2024, due to the deteriorating financial performance and the uncerta ...

净销售额 - 2024年第一季度，公司净销售额下降了3%，为13.59亿美元，较2023年第一季度的14.07亿美元[93] - 北美店铺渠道的净销售额下降了7%，为7.29亿美元，主要受到平均单位零售价、客流量和转化率的影响[94] - 直销渠道的净销售额下降了3%，为4.49亿美元，虽然转化率有所增加，但平均单位零售价和客流量的减少超过了去年同期[95] - 在国际渠道，净销售额增加了2400万美元，增长了16%，达到1.81亿美元[96] 毛利和费用 - 第一季度2024年，毛利略微下降了100万美元，达到5.01亿美元，毛利率（占净销售额的百分比）从35.7%增至36.9%[97] - 第一季度2024年，总部、行政和门店运营费用与2023年同期相比略有增加，增加了100万美元，达到4.75亿美元[100] - 第一季度2024年，利息费用保持不变，为2,200万美元[102] 资本支出和融资活动 - 我们预计2024财年的资本支出约为2.3亿美元，主要集中在门店资本计划和与战略倡议相关的技术投资上[113] - 2024年第一季度，融资活动中的净现金使用为1,000万美元，主要包括支付给Adore Me收购相关的待定对价以及ABL Facility下的借款和偿还[114] 股票回购和债务情况 - 我们的董事会批准了2024年3月份的股票回购计划，授权回购高达2.5亿美元的普通股[117] - 我们尚未在2024年第一季度根据2024年3月份的股票回购计划回购任何普通股，截至2024年5月4日，我们已获得了回购高达2.5亿美元普通股的授权[118] - 截至2024年5月4日，公司总长期债务净额为1,119亿美元[124] - 公司于2021年8月2日签署了总额为4亿美元的长期贷款信贷协议，到期日为2028年8月[125] - 公司于2023年5月修改了贷款协议，转而使用Term SOFR作为计算利息的参考利率，利率范围为3.36%至3.68%[126] - 截至2024年5月4日，公司在ABL Facility下的借款余额为1.45亿美元，利率为7.17%[129] - 公司的长期债务和借款设施包含一些财务和其他契约，包括维持财务比率[130] - 公司的信用评级为Moody's Ba3和S&P BB-，前景为负面[131]