Victoria’s Secret sees FY23 revenue down low single digits, consensus $6.23B

The previous view was FY23 revenue view of flat to down low single digits. The company said, “The Company is forecasting full year 2023 net sales to decrease in the low-single digit range compared to last year and we expect the adjusted operating income rate to be in the range of 5% to 6% of net sales, consistent with the current analyst consensus estimate which reflects a net sales decrease of approximately 2% compared to full year 2022 and an adjusted operating income rate of approximately 5.5% of net sales.”