Victorias Secret & Co. - VSCO STOCK NEWS

Victoria's Secret unveils its new Love Cloud collection on February 17, 2022, featuring bras and panties designed for all-day comfort. This collection is modeled by a diverse group of eighteen women, highlighting the brand's commitment to inclusivity. Priced from $39.50 for bras and $16.50 for panties, the line includes six bra styles and three matching panty styles, emphasizing functionality without sacrificing style. The Love Cloud collection aims to redefine comfort in lingerie, marking a significant step in Victoria's Secret's evolving vision.

Victoria's Secret has announced a joint venture with Regina Miracle International to operate its business in China. Victoria's Secret will own 51% of the JV, with Regina Miracle holding 49%. This partnership aims to enhance product development, distribution, and marketing in the Chinese market. The company anticipates this initiative will have a minimal impact on its fourth quarter earnings. The agreement is subject to regulatory clearance, expected in the first quarter of fiscal 2022, and includes a cash consideration of $45 million from Regina Miracle.

Victoria’s Secret & Co. (NYSE: VSCO) announced a $250 million accelerated share repurchase agreement with Goldman Sachs to buy back shares, signaling confidence in the company's financial health. The initial delivery includes approximately 4.1 million shares, with the final amount based on average stock price adjustments. The company reaffirmed its fourth quarter guidance, projecting sales between flat to 3% above last year's $2.1 billion, operating income of $295-$335 million, and diluted EPS of $2.35 to $2.65. CEO Martin Waters expressed optimism about performance and cash flow stability.

Victoria's Secret has launched the Global Fund for Women's Cancers, aiming to enhance cancer research for women. This initiative includes awarding five female cancer researchers with $100,000 each, recognizing their contributions to the field. The Fund, overseen by the American Association for Cancer Research (AACR), will also establish additional grant programs in 2022 and 2023 to support mid-level and early-stage female investigators. This effort seeks to address the historical underfunding of women's cancers and improve health outcomes for millions diagnosed annually.

Victoria’s Secret reported third-quarter 2021 net income of $75.2 million, or $0.81 per diluted share, exceeding guidance of $0.60 to $0.70. This contrasts with last year's net income of $143.4 million ($1.62 per share). Net sales increased 7% to $1.441 billion, but declined 9% compared to 2019. The company forecasts fourth-quarter sales to be flat to up 3% from $2.100 billion, with EPS projected between $2.35 and $2.65.

Victoria's Secret & Co. (NYSE:VSCO) will host a third quarter 2021 earnings conference call on Thursday, Nov. 18, 2021, at 8:00 a.m. ET. The call will be accessible via victoriassecretandco.com or through dial-in numbers for domestic and international participants.

As the world's largest intimates specialty retailer, Victoria’s Secret emphasizes its commitment to inspiring women globally. However, the company faces risks tied to its recent spin-off from Bath & Body Works, economic conditions, and the ongoing COVID-19 pandemic.

MINDD, a bra company designed for D+ women, has partnered with Victoria's Secret (NYSE: VSCO) as their exclusive retailer. Founded by Helena Kaylin, MINDD aims to address the needs of underserved D+ consumers with innovative fit technology called MINDDTech. The partnership, initiated in early 2021, features curated collections of MINDD's popular products on Victoria's Secret's platform. Launched in February 2020, MINDD is committed to sustainability, offering wire-free bras and reducing waste. For more information, visit MINDDBRA.com.

Victoria's Secret has launched its inaugural podcast, VS Voices, hosted by Amanda de Cadenet. Premiering on October 6, 2021, the podcast features iconic women from the VS Collective, sharing their personal stories and advocacy efforts. The series aims to connect listeners through themes of purpose and shared experiences. The first episode features Priyanka Chopra Jonas and covers her journey as an advocate for women. New episodes will be released weekly, contributing to Victoria's Secret’s commitment to inspiring women and fostering positive change.

Victoria's Secret has launched a new initiative in partnership with Stella McCartney to promote breast cancer awareness and the importance of early detection. The campaign runs through October 31, 2021, and features a public service announcement urging women to #CheckYourself. This initiative includes the introduction of the Body by Victoria Mastectomy Bra, with 100% of its sales during October benefiting breast cancer research. Victoria's Secret also commits to invest at least $5 million annually in cancer research.