Victorias Secret & Co. - VSCO STOCK NEWS

Victoria's Secret & Co. (NYSE:VSCO) is set to release its first quarter 2022 earnings on May 31, 2022, after market close. A live conference call will occur on June 1, 2022, at 8:00 a.m. ET, providing insights into the company's financial performance. Investors and analysts can join the call through the company’s website or via a dedicated phone line. This earnings report is crucial for understanding the company's operational status post spin-off from Bath & Body Works, especially in the context of current economic conditions.

Victoria's Secret & Co. (NYSE: VSCO) has expanded its beauty product range by launching approximately 120 best-selling items on Amazon. This move is expected to enhance customer accessibility, with products eligible for fast delivery through Amazon Prime. The launch builds on the ongoing success of VSCO's beauty category, aiming to deepen consumer connections. Key products include signature fragrances and body care items. The company aims to meet consumer demand for beauty products on Amazon, reinforcing its commitment to innovation and customer engagement.

Victoria's Secret launched a new campaign for its best-selling Bombshell fragrance, featuring Camila Cabello in the brand's first bilingual initiative. This campaign, captured by Zoey Grossman, emphasizes celebrating individuality and confidence. Alongside the campaign, the company will host 'The Bombshell Gardens' pop-up in New York City from May 3 to May 9, offering immersive experiences related to the fragrance. Bombshell is known for its blend of fresh-cut peonies and exotic fruits, enhancing Victoria's Secret's status as America's leading fragrance brand.

Victoria's Secret & Co. (NYSE: VSCO) has launched Happy Nation, a fully digital brand targeting tweens aged 8-13. The brand focuses on size-inclusive and gender-free products such as sweats, swimwear, bras, and body care, aiming to create a supportive community. Happy Nation will not have brick-and-mortar stores initially but will integrate with a popular youth gaming platform, marking VSCO's first entry into the metaverse. The brand emphasizes three core values: empowerment, community connection, and sustainability.

Victoria's Secret, in partnership with Pelotonia, awarded $100,000 each to five female cancer researchers during the AACR Annual Meeting. This marks the inaugural presentation of the Global Fund for Women’s Cancers, which will allocate $5 million annually to support research in women's cancers, building on over $21 million previously funded since 2011. The awardees were recognized for their significant contributions to the understanding and treatment of women’s cancers. The Fund aims to enhance collaboration and mentorship among women in cancer research.

Victoria's Secret & Co. (NYSE: VSCO) announced a joint venture with Regina Miracle International (HKG: 2199) to operate its stores and online business in China. Victoria's Secret will hold a 51% stake while Regina Miracle will own 49%. The company received $45 million from Regina Miracle as part of this deal. CEO Martin Waters expressed confidence that the partnership will spur growth by leveraging Regina Miracle's market expertise. The company does not expect this transaction to materially affect its financial guidance for Q1 fiscal 2022.

Victoria's Secret & Co. (NYSE: VSCO) has announced the acquisition of an $18 million minority interest in Frankies Bikinis, a women-founded beachwear brand based in Venice, California. The acquisition aims to enhance partnerships with culturally relevant brands led by women entrepreneurs. CEO Martin Waters emphasized the growth potential in the direct-to-consumer channel and new product categories. This investment aligns with Victoria's Secret's strategy to diversify and expand its offerings, although it is not expected to materially impact the company's first-quarter outlook for 2022.

Victoria’s Secret & Co. (NYSE: VSCO) announced its fourth quarter and full year 2021 results, reporting a net income of $246.1 million for Q4 2021, with diluted earnings per share of $2.70, outperforming previous guidance. However, this represents a decline from $282.4 million in Q4 2020. For the full year, net income was $646.4 million, up from a loss of $72.3 million in 2020. The company initiated a new $250 million share repurchase program following a completed accelerated share repurchase. Looking ahead, Q1 2022 sales are forecasted to decline against Q1 2021, with EPS estimated between $0.70 and $0.95.

Victoria’s Secret has announced a $7 million investment in women-led businesses, partnering with Amplifyher Ventures. This initiative aims to close the ongoing gender funding gap and promote women's leadership in entrepreneurship and investment. By supporting women entrepreneurs, Victoria's Secret seeks to empower a more diverse and successful business landscape, leveraging data that shows women-led companies outperform their male counterparts. The company, with a primarily female workforce, emphasizes its commitment to fostering opportunities for women.