Victoria's Secret posted better than expected profit for the quarter that ended Jan. 28.
CEO Martin Waters said the company would continue to face a "challenging" environment in the foreseeable future.
Victoria's Secret reported its Q4 earnings last week.
- The retailer posted net income of $173M, down 29.7% YoY.
- Adjusted earnings per share stood at $2.47, above analysts' expectations of $2.34.
- Sales fell 7.1% YoY to $2B while total comparables sales declined by 6%.
- The company forecasts its sales in Q1 2023 to decline by mid-single digits.
- Operating income is expected to fall within the range of $55M to $85M for the quarter.
