Our board and our entire team are aligned on our key priorities and are swiftly working together to advance them to create value for our shareholders and other stakeholders.”Ĭoinciding with its earnings update, Victoria’s Secret announced that Mariam Naficy has been elected to its board of directors, taking the company's board to eight. "We are well prepared to continue to address macro challenges through merchandise and marketing that delights our customers, new business initiatives designed to expand our customer base and grow sales, and disciplined financial management. "Looking ahead, I believe we have the focused strategy, resilient and expert talent, and customer connection that we need to sustain and grow our dominant position as the market leader in the intimates merchandise category," said Waters.
As a result of our deliberate actions, we have stabilized the business and delivered over $1 billion in EBITDA for the trailing twelve-month period."įor the first quarter, the company clocked net income of $80.8 million, or earnings per diluted share of $0.93, more than halving its quarterly profit compared to net income of $174 million, or earnings per share of $1.97 in the prior-year quarter. Powered by our brand revolution, we have strengthened our emotional connection with our customer and further enhanced our leadership in bras through innovative product launches, while diligently focusing on the efficiency of our retail operations. "Our performance is a testament to the hard work and relentless focus of our team. "Against the backdrop of significant global headwinds and a challenging inflationary environment, we delivered sales results at the high end of our guidance range and better than expected adjusted earnings per diluted share," said Victoria's Secret CEO Martin Waters.
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