REYNOLDSBURG, Ohio (AP) — REYNOLDSBURG, Ohio (AP) — Victoria’s Secret & Co. (VSCO) on Tuesday reported fiscal first-quarter net income of $47.7 million.
On a per-share basis, the Reynoldsburg, Ohio-based company said it had profit of 56 cents. Earnings, adjusted for one-time gains and costs, came to 60 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The retailer of lingerie, pajamas and beauty products posted revenue of $1.56 billion in the period.
For the current quarter ending in July, Victoria’s Secret said it expects revenue in the range of $1.59 billion to $1.62 billion.
The company expects full-year earnings in the range of $4.35 to $4.60 per share, with revenue ranging from $7.03 billion to $7.13 billion.
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