Victoria’s Secret Reports $32M Profit in Quarterly Earnings Boost
By USinMinutes - Aug 28, 2024, 04:17 PM ET
Last Updated - Aug 28, 2024, 08:05 PM EDT
Quarterly Sales Reach $1.417B With Positive Growth Trends
Victoria’s Secret & Co. [VSCO] reported a net income of $32 million for the second quarter ended August 3, 2024, marking a significant improvement from the previous quarter.
The company, headquartered in Reynoldsburg, Ohio, reported to SEC in an 8-K filing $0.40 earnings per share in the quarter, compared to $0.02 in the previous quarter.
Victoria’s Secret, a renowned retailer in the fashion industry, reported total net sales of $1.417 billion, reflecting a slight decrease compared to the previous quarter's revenue.
Victoria’s Secret's second-quarter revenue in 2024 decreased by 0.7% compared to the same quarter in 2023.
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The company's net income for the second quarter of 2024 showed a significant improvement compared to the same quarter of 2023.
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