NYSE$VSCO
Victoria's Secret & Co. · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Victoria's Secret reported a slight increase in revenue and exceeded EPS expectations in Q4 2024.
Victoria's Secret & Co. posted Q4 2024 revenue of $2.11 billion, a 1% increase year-over-year. The company reported net income of $193 million and adjusted net income of $216 million. Adjusted EPS came in at $2.60, exceeding expectations. Operating income also rose slightly to $268 million. Strong sales performance across key segments and controlled cost management contributed to the positive results.
- Revenue increased 1% to $2.11 billion in Q4 2024.
- Net income reached $193 million, up from $181 million in Q4 2023.
- Adjusted EPS was $2.60, exceeding expectations.
- Operating income improved to $268 million from $258 million in the prior year.
Headline financials
Revenue & EPS history
Victoria's Secret · Revenue · Quarterly
$2.11B
Revenue by segment
Victoria's Secret · $1.35B total across 3 segments · Q1 2025
- Stores – North America$721M—53.3%
- Direct$433M—32.0%
- International$199M—14.7%
Forward guidance
Victoria's Secret anticipates macroeconomic challenges in early 2025 but expects gradual improvement in sales and profitability as the year progresses.
Tailwinds
- Strong sales momentum in key categories and channels.
- Adjusted EPS exceeded expectations in Q4 2024.
- Operating income surpassed prior guidance range.
- Improved cost management and inventory control.
- Continued brand differentiation and emotional connection with customers.
Headwinds
- Macroeconomic uncertainty and lower consumer confidence.
- Unseasonal weather impacting early 2025 sales trends.
- Potential headwinds from a highly competitive retail environment.
- Slower growth in international markets.
- Continued cost pressures from supply chain and labor.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-1.0%
Avg return
Earnings day
-4.8%
Avg return
5 days after
-9.7%
Avg return
30 days after
36%
8 / 22 earnings
Positive
+20.7%
Q3 2023
Best reaction
-32.4%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -12.8% | -20.5% | -23.3% | |
| Q3 2025 | +17.0% | +25.1% | +28.4% | |
| Q2 2025 | -0.5% | -1.7% | +15.2% | |
| Q1 2025 | +4.4% | +4.7% | -4.2% | |
| Q1 2027 | -5.5% | -16.1% | -13.8% | |
| Q4 2024 | -8.2% | -26.8% | -23.7% | |
| Q3 2024 | +9.4% | +6.2% | -4.6% | |
| Q2 2024 | -3.1% | -5.1% | +5.3% | |
| Q1 2024 | -5.4% | -18.0% | -22.6% | |
| Q4 2023 | -32.4% | -28.6% | -30.7% | |
| Q3 2023 | +20.7% | +21.7% | +18.9% | |
| Q2 2023 | +7.3% | +10.8% | -6.7% | |
| Q1 2023 | -12.8% | -13.3% | -18.5% | |
| Q4 2022 | -7.2% | -10.0% | -11.4% | |
| Q3 2022 | -5.2% | -4.6% | -21.3% | |
| Q2 2022 | -1.9% | -7.4% | -21.7% | |
| Q1 2022 | +5.2% | -2.7% | -34.5% | |
| Q1 2021 | -2.1% | -4.2% | -5.5% | |
| Q4 2021 | +8.6% | -16.9% | -1.5% | |
| Q3 2021 | +12.2% | +14.1% | -4.1% | |
| Q4 2020 | -5.0% | -4.2% | -18.2% | |
| Q2 2021 | -3.7% | -8.0% | -13.9% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
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