Added to YB: 2024-04-01
Pitch date: 2024-04-01
VSCO [bearish]
Victoria's Secret & Co.
-235.87%
current return
Author Info
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Company Info
Victoria's Secret & Co. operates as a specialty retailer of women’s intimate, and other apparel and beauty products worldwide.
Market Cap
$4.5B
Pitch Price
$18.26
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.70
P/E
26.85
EV/Sales
1.17
Sector
Specialty Retail
Category
N/A
Victoria's Secret ($VSCO): A Bond Market 'Show-Me' Story Yielding 9%
VSCO: Lingerie retailer turnaround faltering amid executional missteps, macro headwinds & leadership turnover. FY23 sales -18% vs '19, margins -570bps. FY24 guide well below St: LSD% sales decline, $250-275M EBIT (St $351M). Bonds @82, stock -70%+ question mgmt credibility & turnaround potential.
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