Victoria's Secret & Co (VSCO) shares plummeted over 5% in the pre-market trading session on Thursday, following the lingerie retailer's disappointing sales outlook for the upcoming quarter.
According to the company's fourth-quarter results released on Wednesday, VSCO expects its fiscal first-quarter net sales to range between $1.30 billion and $1.33 billion, falling short of analyst expectations of $1.39 billion. The company cited unseasonal weather across much of the U.S. as a challenge at the start of the year, which likely impacted its sales projections.
Despite the weaker-than-expected quarterly guidance, VSCO forecasts its annual sales for 2025 to be in the range of $6.2 billion to $6.3 billion, which is slightly above analyst estimates of $6.21 billion. However, CEO Hillary Super acknowledged the near-term headwinds and ongoing uncertainty in the macro environment, stating, "As we look forward to 2025 and the future, we recognize there are near-term headwinds and ongoing uncertainty in the macro environment which we will manage aggressively."
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