Victoria's Secret (NYSE:VSCO) Third Quarter 2023 Results
Key Financial Results
Revenue: US$1.32b (down 8.5% from 3Q 2022).
Net income: US$24.4m (down 68% from 3Q 2022).
Profit margin: 1.8% (down from 5.2% in 3Q 2022). The decrease in margin was driven by lower revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Victoria's Secret Meets Expectations
Revenue was in line with analyst estimates.
Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in the US.
The company's shares are down 9.2% from a week ago.
We don't want to rain on the parade too much, but we did also find 2 warning signs for Victoria's Secret that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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