Victoria's Secret & CoVictoria's Secret beat revenue, EPS, and margin estimates, raised full-year guidance, and stock surged 54.4%
Victoria's Secret reported first-quarter revenue of $1.56 billion, up 15.3% year on year and exceeding analyst expectations by 2.6%. The company also beat earnings per share and gross margin estimates, with double-digit sales growth across its Victoria's Secret, PINK, and Beauty segments. It raised its full-year guidance by the most among the eight apparel retailers tracked, and its stock has surged 54.4% since the announcement to $83.85. Among peers, Tilly's posted the fastest revenue growth at 15.9% and the biggest estimate beat, while Lululemon delivered the weakest guidance update, with its stock falling 8.9%.
Victoria's Secret & CoVictoria's Secret beat revenue, EPS, and margin estimates, raised full-year guidance, and stock surged 54.4%
Lululemon Athletica Inc.Lululemon delivered the weakest guidance update among peers, with its stock falling 8.9%
Tillys IncTilly's posted the fastest revenue growth at 15.9% and the biggest estimate beat
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