REYNOLDSBURG, Ohio (AP) — REYNOLDSBURG, Ohio (AP) — Victoria's Secret & Co. (VSCO) on Wednesday reported a loss of $3.6 million in its fiscal first quarter.
The Reynoldsburg, Ohio-based company said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The retailer of lingerie, pajamas and beauty products posted revenue of $1.36 billion in the period, matching Street forecasts.
For the current quarter ending in July, Victoria's Secret expects its per-share earnings to range from 5 cents to 20 cents.
The company expects full-year revenue of $6 billion.
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