{"id":31252,"date":"2022-05-31T23:32:05","date_gmt":"2022-05-31T23:32:05","guid":{"rendered":"https:\/\/harchi90.com\/victorias-secret-vsco-q1-2022-earnings-beat\/"},"modified":"2022-05-31T23:32:05","modified_gmt":"2022-05-31T23:32:05","slug":"victorias-secret-vsco-q1-2022-earnings-beat","status":"publish","type":"post","link":"https:\/\/harchi90.com\/victorias-secret-vsco-q1-2022-earnings-beat\/","title":{"rendered":"Victoria’s Secret (VSCO) Q1 2022 earnings beat"},"content":{"rendered":"
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Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022.<\/p>\n

Mandel Ngan | AFP | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Victoria’s Secret reported a quarterly profit that topped Wall Street expectations on Tuesday, but warned that it could continue to face supply chain and sales challenges for the remainder of the year.<\/p>\n

The Ohio-based lingerie retailer noted that it faced “supply chain headwinds” in the three-month period ended April 30 while also lapping the sales bump it got in the year-ago period from people spending their federal stimulus money.<\/p>\n

“If the first quarter sales trends adjusted for stimulus were to continue for the balance of the year, it could challenge our ability to deliver full year operating income in line with last year,” the company said in a news release.<\/p>\n

Sales in the quarter were down 4.5% from a year ago, but in line with Wall Street estimates. The company noted that federal stimulus benefits lifted sales by about $ 75 million in the same period in 2021.<\/p>\n

For the most recent quarter, the company reported strength in its bras and beauty businesses as its international segment recovered from heavy Covid restrictions.<\/p>\n

The company’s shares rose around 7% in extended trading.<\/p>\n

Here’s how Victoria’s Secret did in its fiscal first quarter compared with what Wall Street was expecting, based on Refinitiv estimates:<\/p>\n