VSCO - Dividend announcements

COMPLETES $250 MILLION ACCELERATED SHARE REPURCHASE PROGRAM ANNOUNCES NEW $250 MILLION SHARE REPURCHASE PROGRAM REYNOLDSBURG, Ohio, March 02, 2022 (GLOBE NEWSWIRE) -- Victoria's Secret & Co. ("Victoria's Secret" or the "Company") (NYSE:VSCO) today reported 2021 financial results for the fourth quarter and full year ended January 29, 2022. Fourth Quarter Results The Company reported net income of $246.1 million, or diluted earnings per share of $2.70 in the fourth quarter of 2021, which compares favorably to previously communicated guidance of $2.35 to $2.65 per diluted share. This result compares to net income of $282.4 million, or earnings per share of $3.20 for the fourth qua

REYNOLDSBURG, Ohio, Jan. 25, 2022 (GLOBE NEWSWIRE) -- Victoria's Secret & Co. ("Victoria's Secret" or the "Company") (NYSE:VSCO) today announced a partnership agreement with Regina Miracle International (Holdings) Limited ("Regina Miracle") (HKG: 2199) related to its existing company-owned business in China. Victoria's Secret and Regina Miracle have formed a joint venture ("JV") to operate all Victoria's Secret stores and the related online business in China. Under the terms of the agreement, Victoria's Secret will own 51 percent of the JV with Regina Miracle owning the remaining 49 percent. Based on the Company's financial review of its China business and the terms of the JV agreement ag

REYNOLDSBURG, Ohio, Dec. 29, 2021 (GLOBE NEWSWIRE) -- Victoria's Secret & Co. ("Victoria's Secret" or the "Company") (NYSE:VSCO) today announced that it has entered into an accelerated share repurchase agreement ("ASR") with Goldman Sachs & Co. LLC ("Goldman Sachs") to repurchase $250 million of the Company's common stock. The Company also reaffirmed fourth quarter sales, operating income and earnings guidance. Under the ASR, the Company will make an initial payment of $250 million to Goldman Sachs and will receive an initial delivery of approximately 4.1 million shares of the Company's common stock on December 31, 2021. The final number of shares to be repurchased will be based on

REYNOLDSBURG, Ohio, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Victoria's Secret & Co. ("Victoria's Secret" or the "Company") (NYSE:VSCO) today reported financial results for the third quarter ended October 30, 2021. The Company reported net income of $75.2 million, or diluted earnings per share of $0.81 in the third quarter of 2021, compared to previously communicated guidance of $0.60 to $0.70 per diluted share. This result compares to net income of $143.4 million, or earnings per share of $1.62 and adjusted net income of $72.6 million, or adjusted earnings per share of $0.82 for the period ended October 31, 2020. Third quarter 2021 operating income was $107.9 million compared to operating inco

REYNOLDSBURG, Ohio, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Victoria's Secret & Co. (NYSE:VSCO) today reported financial results for the second quarter ended July 31, 2021. The results are on a carve-out basis and include the Victoria's Secret Segment and a portion of the unallocated overhead costs as part of L Brands. The Company reported net income of $151.1 million, or earnings per share of $1.71 in the second quarter of 2021. This result compares to a net loss of $199.5 million, or loss per share of $2.26 and an adjusted net loss of $85.3 million, or adjusted loss per share of $0.97 for the period ended August 1, 2020. Second quarter 2021 operating income was $202.7 million compared to an