Lingerie retailer forecasts increase in fourth-quarter sales

  • Victoria’s Secret expects return to sales growth in 4Q
  • Forecasting 2-4% increase in fourth-quarter sales compared to last year
  • Expects sales decline of 2-3% for the full year
  • Second consecutive loss reported after falling sales
  • Management sees improved sales trends in fiscal third quarter
  • Full-year adjusted profit expected to be $1.85-$2.25 per share

Victoria’s Secret, the Reynoldsburg-based lingerie, clothing, and beauty retailer, is anticipating a return to top-line growth in the fiscal fourth quarter. After experiencing multiple quarters of falling sales, the company expects fourth-quarter sales to rise by 2% to 4% compared to the previous year. However, Victoria’s Secret is also projecting a sales decline of 2% to 3% for the full year. This comes after reporting its second consecutive loss due to declining sales. Despite this, management has noted that sales trends have improved throughout the fiscal third quarter. The company expects a full-year adjusted profit of $1.85 to $2.25 per share, which is slightly lower than the $2.17 per-share profit anticipated by analysts.

Public Companies: Victoria’s Secret (null)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides specific information about Victoria’s Secret’s sales forecast for the fourth quarter and full year, as well as their previous statements and reported losses. The information seems to be based on official statements and financial data, which suggests a higher level of factuality.

Noise Level: 7
Justification: The article provides some relevant information about Victoria’s Secret’s sales forecast and financial performance. However, it lacks in-depth analysis, evidence, and actionable insights. It mainly focuses on reporting the company’s statements and analyst expectations without questioning or exploring the consequences of these trends. The article also contains repetitive information and does not provide a broader context or discuss antifragility or accountability.

Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the retail industry and the company Victoria’s Secret.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article discusses the financial performance and sales forecast of Victoria’s Secret, a retail company. While there is no mention of an extreme event or any significant impact, the article is relevant to financial topics as it provides information about the company’s sales growth and profitability.

Reported publicly: www.marketwatch.com