Intimatewear and beauty retailer Victoria’s Secret (NYSE: VSCO) will be reporting results this Thursday before market hours. Here’s what you need to know.
Victoria's Secret beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $1.35 billion, flat year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ gross margin estimates.
Is Victoria's Secret a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Victoria's Secret’s revenue to be flat year on year at $1.40 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $0.13 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Victoria's Secret has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Victoria's Secret’s peers in the apparel and footwear retail segment, only Boot Barn has reported results so far. It beat analysts’ revenue estimates by 1.5%, delivering year-on-year sales growth of 19.1%. The stock price was unchanged following the results.
Read our full analysis of Boot Barn’s earnings results here.There has been positive sentiment among investors in the apparel and footwear retail segment, with share prices up 2.4% on average over the last month. Victoria's Secret is up 6.3% during the same time and is heading into earnings with an average analyst price target of $21.30 (compared to the current share price of $22.10).
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