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Victorias Secret & Co. - VSCO STOCK NEWS

Welcome to our dedicated page for Victorias Secret & Co. news (Ticker: VSCO), a resource for investors and traders seeking the latest updates and insights on Victorias Secret & Co. stock.

Victoria's Secret & Co. (NYSE: VSCO) is a renowned specialty retailer offering a wide range of intimate apparel, sleepwear, and beauty products. The company is globally recognized for its fashion-inspired collections, award-winning fragrances, and celebrated supermodels. Operating both physical stores and a robust online platform, Victoria's Secret & Co. ensures customers can shop their favorite products anytime and anywhere.

The company is known for its iconic brands, Victoria's Secret and Victoria's Secret PINK, which aim to inspire and uplift customers at every stage of their lives. In 2022, the company acquired Adore Me, a technology-led, digital-first lingerie brand. This acquisition aims to modernize the digital shopping experience and integrate innovative tech solutions.

Recently, Victoria's Secret & Co. has partnered with Google Cloud to enhance its online shopping experience using AI technologies. This partnership includes the development of AI-powered conversational assistants and advanced product search features, aiming to provide personalized recommendations and streamline internal operations.

Victoria's Secret & Co. operates over 1,350 retail stores in nearly 70 countries and employs more than 30,000 associates. The company's commitment to customer satisfaction and technological innovation positions it as a leader in the retail market.

News

Victoria’s Secret & Co. Reports Fourth Quarter 2023 Results

Rhea-AI Summary
Victoria’s Secret & Co. reported strong financial results for Q4 2023, with adjusted operating income and EPS at the high end of guidance. The company generated $590 million in operating cash flow and reduced debt by over $150 million year-over-year. Sales trends were volatile but showed improvement in North America. International sales increased by 24%. The company's gross margin rate exceeded expectations due to inventory management and cost reductions. The CEO highlighted strategic priorities and growth initiatives for the future.
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Victoria’s Secret & Co. Invites You to Listen to the Fourth Quarter 2023 Earnings Call Webcast

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Victoria’s Secret & Co. (VSCO) will hold a live webcast for its fourth quarter 2023 earnings release on March 7th, 2024. Investors can join the conference call with executives to discuss financial updates and performance.
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Victoria’s Secret & Co. to Create New AI-Powered Shopping Experiences with Google Cloud

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Victoria's Secret & Co. (VS&Co) partners with Google Cloud to enhance online shopping experiences and drive operational efficiencies. Leveraging Google Cloud's AI and generative AI technologies, VS&Co aims to create personalized customer experiences at scale and improve internal operations. The partnership also involves integrating Adore Me's technology and expertise to accelerate the modernization of VS&Co's digital platform.
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Victoria’s Secret & Co. Reports third quarter 2023 results within previous guidance range

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Victoria’s Secret & Co. (VSCO) reported third quarter 2023 financial results, with improving sales trend in North America and strong November sales growth. The company's CEO, Martin Waters, highlighted the successful execution of growth initiatives, including a new loyalty program, digital customer experience enhancements, product launches, and the return of the iconic fashion show. November sales and margin results were the best in nearly two years, driven by holiday merchandise assortment, improved customer experiences, and a powerful marketing message with Mariah Carey.
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Victoria’s Secret & Co. Invites You to Listen to the Third Quarter 2023 Earnings Call Webcast

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Victoria's Secret & Co. (NYSE:VSCO) invites you to listen to a live webcast of their third quarter 2023 earnings conference call on November 30th at 8:00 a.m. ET. The call will be available on victoriassecretandco.com and via phone. Domestic and international dial-in and replay numbers are provided for participation and access to the archived call.
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VS&Co Launches First-Ever VS & PINK Adaptive Collections

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Victoria's Secret and PINK launch their first-ever collections of intimates for women with disabilities
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Victoria’s Secret & Co. Presents Strategic Plan Focused on Accelerating the Core and Driving Growth Initiatives to Deliver the Potential of the Victoria’s Secret and PINK Brands

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Victoria's Secret & Co. to share strategic growth plan at Investor Day
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Victoria’s Secret & Co. Announces Upcoming Investor Day on October 12th

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Victoria’s Secret & Co. to host investor day on October 12, 2023
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Victoria’s Secret Presents: The Tour ’23 – Now Streaming on Prime Video

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Victoria’s Secret: The Tour’23 is now available to stream on Prime Video, showcasing the creation of The Tour and featuring top models and artists. Customers can shop the Tour-inspired collection on VictoriasSecret.com and in the Amazon Fashion store.
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Victoria’s Secret & Co. Reports second quarter 2023 results within previous guidance range

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Victoria’s Secret expects improving sales trends in Q3 and Q4 with adjusted operating income rate of 5% to 6% for full year 2023. International business experienced sales growth of over 25%. Lean inventory levels and better August sales trends indicate positive outlook. Initiatives such as loyalty program, merchandise strategy, and marketing investment aim to drive growth. Q2 net loss of $1 million, operating income of $26 million, and net sales decrease of 6%. Q3 net sales forecasted to decrease in low- to mid-single digit range. Full year 2023 net sales expected to decrease in low-single digit range with adjusted operating income rate of 5% to 6%.
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FAQ

What is the current stock price of Victorias Secret & Co. (VSCO)?

The current stock price of Victorias Secret & Co. (VSCO) is $32.48 as of November 4, 2024.

What is the market cap of Victorias Secret & Co. (VSCO)?

The market cap of Victorias Secret & Co. (VSCO) is approximately 2.6B.

What is Victoria's Secret & Co.?

Victoria's Secret & Co. is a global specialty retailer known for its intimate apparel, sleepwear, and beauty products.

What brands are part of Victoria's Secret & Co.?

The company includes Victoria's Secret, Victoria's Secret PINK, and Adore Me.

How many stores does Victoria's Secret & Co. operate?

Victoria's Secret & Co. operates over 1,350 retail stores in nearly 70 countries.

What recent technological advancements has Victoria's Secret & Co. implemented?

The company has partnered with Google Cloud to use AI technologies for enhancing online shopping experiences and internal operations.

What was the purpose of acquiring Adore Me?

The acquisition aims to modernize the digital shopping experience and integrate innovative technologies.

How does Victoria's Secret & Co. ensure customer satisfaction?

The company focuses on providing high-quality products and personalized shopping experiences both in-store and online.

Who is the Chief Customer Officer of Victoria's Secret & Co.?

Chris Rupp is the Chief Customer Officer of Victoria's Secret & Co.

What unique features has Victoria's Secret & Co. introduced recently?

They have implemented AI-powered product search features using Google Cloud's Vision API Product Search technology.

How many employees does Victoria's Secret & Co. have?

The company employs more than 30,000 associates globally.

Where can I find more information about Victoria's Secret & Co.'s financial performance?

You can find detailed financial information in the company's Annual Report on Form 10-K filed with the SEC.

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Victorias Secret & Co.

NYSE:VSCO

VSCO Rankings

#1770 Ranked by Market Cap
N/A Ranked by Dividends

VSCO Stock Data

2.55B
78.53M
10.47%
86.98%
11.33%
Apparel Retail
Retail-women's Clothing Stores
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United States of America
REYNOLDSBURG