VSCO Intrinsic Value Calculator – Victoria’s Secret Reports Second Quarter Earnings for FY2024
September 1, 2023
🌥️Earnings Overview
On August 30 2023, VICTORIA’S ($NYSE:VSCO) SECRET announced their financial results for the second quarter of FY2024 ending July 31, 2023. The total revenue for the quarter was USD 1426.9 million, representing a drop of 6.2% from the same period in the prior year. Net income for the quarter was reported at USD -1.4 million, which is a decrease of 70.0 million compared to the same quarter in the prior year.
Stock Price
On Wednesday, Victoria’s Secret reported their second-quarter earnings for fiscal year 2024. Opening at $18.0 and closing at $17.9, VICTORIA’S SECRET & stock saw a 0.3% increase from the prior closing price of $17.9. This marks a positive sign for investors, despite a difficult economic climate. This increase is largely due to cost-cutting initiatives which have helped the company remain competitive.
These positive results demonstrate the success of Victoria’s Secret’s strategic efforts to remain competitive and profitable in the current market. With the company’s strong performance in the second quarter, they look forward to continued success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for VSCO. More…
| Total Revenues | Net Income | Net Margin |
| 6.17k | 196.3 | 3.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for VSCO. More…
| Operations | Investing | Financing |
| 437 | -555 | 58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for VSCO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.71k | 4.31k | 4.96 |
Key Ratios Snapshot
Some of the financial key ratios for VSCO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.5% | 29.6% | 5.6% |
| FCF Margin | ROE | ROA |
| 4.4% | 56.3% | 4.6% |
Analysis – VSCO Intrinsic Value Calculator
At GoodWhale, we have closely examined the financials of VICTORIA’S SECRET &. By using our proprietary Valuation Line, we have calculated that VICTORIA’S SECRET &’s intrinsic value is around $44.0. This means that its stock is currently undervalued by 59.3%, as it is currently traded at $17.9. This presents an attractive opportunity for investors looking to capitalise on a company that could potentially see tremendous growth in the future. More…
Peers
In the world of beauty, there is stiff competition between Victoria’s Secret & Co and its main competitors Ulta Beauty Inc, HOUSE OF ROSE Co Ltd, and Kits Eyecare Ltd. All four companies offer a variety of products and services that cater to the needs of their customers. While each company has its own unique selling points, they all share one common goal: to provide the best possible experience for their customers.
– Ulta Beauty Inc ($NASDAQ:ULTA)
Ulta Beauty Inc is a beauty retailer that offers cosmetics, fragrance, skincare, and haircare products, as well as salon services in the United States. The company has a market cap of 21.48B as of 2022 and a Return on Equity of 52.96%. Ulta Beauty was founded in 1990 and is headquartered in Bolingbrook, Illinois.
– HOUSE OF ROSE Co Ltd ($TSE:7506)
HOUSE OF ROSE Co Ltd is a publicly traded company with a market capitalization of 7.52 billion as of 2022. The company has a return on equity of 4.52%. HOUSE OF ROSE Co Ltd is engaged in the business of manufacturing and selling roses. The company’s products are sold in over 50 countries around the world.
– Kits Eyecare Ltd ($TSX:KITS)
Kits Eyecare Ltd is a publicly traded company with a market capitalization of 79.4 million as of 2022. The company’s return on equity is -10.97%. Kits Eyecare is engaged in the business of manufacturing and selling eyewear products. The company’s products include sunglasses, contact lenses, and eyeglasses.
Summary
Victoria’s Secret & reported a lower revenue of $1.4 billion and a net income of -$1.4 million for the second quarter of FY2024 ending July 31 2023 compared to the same period in the prior year. This represents a 6.2% decrease in revenue and a significant drop in net income from $70 million. Despite the negative results, investors may be optimistic about the company’s long-term prospects given its strong brand name and customer loyalty. Looking ahead, careful planning and cost-cutting may help Victoria’s Secret & to improve its bottom line and restore investor confidence.
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