Victoria's Secret (VSCO): The Turnaround Plan is Finally Paying Off!
The revenue exceeding expectations and margins better than forecasted prove that the strategic realignment of Victoria's Secret is successfully being implemented!
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The latest quarterly results from Victoria's Secret are a clear signal that the "Path to Potential" turnaround plan of CEO Hillary Super is taking effect. The revenue increase of 9% to $1.47 billion significantly exceeded expectations, and the adjusted loss per share of $0.27 was considerably better than the anticipated $0.59. Particularly noteworthy is the strong growth of comparable sales at 8% and the improved gross margin, attributed to a reduction in discounts and higher regular selling prices. Thus, I see the return to brand innovations...
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