Victoria’s Secret quarterly net income down nearly 13%

One of the world’s most famous women’s underwear sales, the American company Victoria’s Secret has published a report for the IV financial quarter at the end of January. Quarterly results showed net income of $246.1 million, down about 13% from the same period a year earlier. Earnings per share of $2.7 beat the market estimate of $2.63. According to the results of the three months to the end of January, the revenue was received in the amount of $2.2 billion. Over the past year, it increased by 4%. At the same time, the market expected it to be $2.1 billion. Victoria’s Secret also published forecast figures for the first financial quarter, which began in February. So, the company expects that the revenue will be fixed in the range from 1.425 to 1.495 billion dollars. Compared to the same figure a year earlier at $1.554 billion, its volume will decrease. According to market estimates, quarterly revenue is expected at $1.5 billion.

Source: xCritical.com