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Investing.com -- Victoria’s Secret & Co. reported better-than-expected first quarter results on Tuesday, beating analyst estimates for both earnings and revenue. The lingerie retailer’s shares slipped 1.3% in premarket trading following the announcement.
For the first quarter ended May 3, 2025, Victoria’s Secret posted adjusted earnings per share of $0.09, surpassing the analyst consensus of $0.02. Revenue came in at $1.353 billion, exceeding expectations of $1.32 billion and remaining relatively flat compared to $1.359 billion in the same quarter last year.
The company’s total comparable sales decreased 1% YoY. Operating income for the quarter was $20 million, down from $26 million in the prior-year period. On an adjusted basis, operating income reached $32 million, exceeding the company’s guidance range of $10 million to $30 million.
CEO Hillary Super highlighted the company’s performance, stating, "I am pleased with the strength the business demonstrated during the March and April timeframe, which included continued momentum in our powerhouse Beauty business, ongoing strength in PINK apparel, and newness in sport and swim as we reclaim our position as a full lifestyle brand."
Looking ahead, Victoria’s Secret reaffirmed its full-year 2025 sales guidance of $6.2 billion to $6.3 billion. However, the company revised its adjusted operating income forecast to $270 million to $320 million, down from the previous range of $300 million to $350 million, citing an estimated $50 million net tariff impact.
For the second quarter, the company expects net sales between $1.380 billion and $1.410 billion, with adjusted earnings per share ranging from $0.00 to $0.15.