Victoria’s Secret & Co. Invites You to Listen to the Fourth Quarter 2021 Earnings Call Webcast
February 16 2022 - 4:15PM
In conjunction with the Victoria’s Secret & Co. (NYSE:VSCO)
fourth quarter and full fiscal year 2021 earnings release, which
will cross the wire after market close on Wednesday, Mar. 2, you
are invited to listen to a live webcast of the conference call on
Thursday, Mar. 3 at 8:00 a.m. ET with Victoria’s Secret & Co.
executives.
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What: |
Victoria’s Secret & Co. Fourth Quarter 2021 Earnings Conference
Call Webcast |
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When: |
8:00 a.m. ET
on Thursday, Mar. 3, 2022 |
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Where: |
victoriassecretandco.com |
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How: |
Log on to
victoriassecretandco.com or call: |
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Domestic
Dial-In Number: 800.619.9066 (Conference ID 5358727) Domestic
Replay Number: 888.566.0401 (Conference ID 226791) International
Dial-In Number: 212.519.0836 (Conference ID 5358727) International
Replay Number: 203.369.3040 (Conference ID 226791) |
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If you are unable to participate during the live
webcast, the call will also be archived on our website here.
ABOUT VICTORIA’S SECRET
Victoria’s Secret is the world’s largest intimates specialty
retailer offering a wide assortment of modern, fashion-inspired
collections including signature bras, panties, lingerie, casual
sleepwear, athleisure and swim, as well as award-winning prestige
fragrances and body care. With nearly 1,400 retail stores worldwide
and a predominately female workforce of more than 25,000,
Victoria’s Secret boasts the largest team of specialty trained bra
fit experts worldwide. Victoria’s Secret is committed to inspiring
women around the world with products and experiences that uplift
and champion them and their journey while creating lifelong
relationships and advocating for positive change.
Safe Harbor Statement Under the Private
Securities Litigation Reform Act of 1995
We caution that any forward-looking statements
(as such term is defined in the Private Securities Litigation
Reform Act of 1995) contained in this press release or made by our
Company or our management involve risks and uncertainties and are
subject to change based on various factors, many of which are
beyond our control. Accordingly, our future performance and
financial results may differ materially from those expressed or
implied in any such forward-looking statements. Words such as
“estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,”
“intend,” “planned,” “potential” and any similar expressions may
identify forward-looking statements. Risks associated with the
following factors, among others, in some cases have affected and in
the future could affect our financial performance and actual
results and could cause actual results to differ materially from
those expressed or implied in any forward-looking statements
included in this press release or otherwise made by our Company or
our management:
- the spin-off from Bath & Body
Works, Inc. (f/k/a L Brands, Inc.) may not be tax-free for U.S.
federal income tax purposes;
- a loss of synergies from separating
the businesses that could negatively impact the balance sheet,
profit margins or earnings of Victoria’s Secret or that Victoria’s
Secret does not realize all of the expected benefits of the
spin-off;
- general economic conditions,
inflation, consumer confidence, consumer spending patterns and
market disruptions including pandemics or significant health
hazards, severe weather conditions, natural disasters, terrorist
activities, financial crises, political crises or other major
events, or the prospect of these events;
- the novel coronavirus (COVID-19)
global pandemic has had and is expected to continue to have an
adverse effect on our business and results of operations;
- the seasonality of our
business;
- divestitures or other dispositions
and related operations and contingent liabilities such
businesses;
- difficulties arising from turnover
in company leadership or other key positions;
- our ability to attract, develop and
retain qualified associates and manage labor-related costs;
- the dependence on mall traffic and
the availability of suitable store locations on appropriate
terms;
- our ability to grow through new
store openings and existing store remodels and expansions;
- our ability to successfully operate
and expand internationally and related risks;
- our independent franchise, license
and wholesale partners;
- our direct channel businesses;
- our ability to protect our
reputation and our brand images;
- our ability to attract customers
with marketing, advertising and promotional programs;
- our ability to maintain, enforce
and protect our trade names, trademarks and patents;
- the highly competitive nature of
the retail industry and the segments in which we operate;
- consumer acceptance of our products
and our ability to manage the life cycle of our brands, keep up
with fashion trends, develop new merchandise and launch new product
lines successfully;
- our ability to source, distribute
and sell goods and materials on a global basis, including risks
related to:
- political instability,
environmental hazards or natural disasters;
- significant health hazards or
pandemics, which could result in closed factories, reduced
workforces, scarcity of raw materials, and scrutiny or embargoing
of goods produced in infected areas;
- duties, taxes and other
charges;
- legal and regulatory matters;
- volatility in currency exchange
rates;
- local business practices and
political issues;
- potential delays or disruptions in
shipping and transportation and related pricing impacts;
- disruption due to labor disputes;
and
- changing expectations regarding
product safety due to new legislation;
- our geographic concentration of
vendor and distribution facilities in central Ohio;
- fluctuations in foreign currency
exchange rates;
- the ability of our vendors to
deliver products in a timely manner, meet quality standards and
comply with applicable laws and regulations;
- fluctuations in product input
costs, including those caused by inflation;
- our ability to adequately protect
our assets from loss and theft;
- fluctuations in energy costs,
including those caused by inflation;
- increases in the costs of mailing,
paper, printing or other order fulfillment logistics;
- claims arising from our
self-insurance;
- our and our third-party service
providers' ability to implement and maintain information technology
systems and to protect associated data;
- our ability to maintain the
security of customer, associate, third-party and company
information;
- stock price volatility;
- our ability to pay dividends and
related effects;
- shareholder activism matters;
- our ability to maintain our credit
rating;
- our ability to service or refinance
our debt and maintain compliance with our restrictive
covenants;
- our ability to comply with laws,
regulations and technology platform rules or other obligations
related to data privacy and security;
- our ability to comply with
regulatory requirements;
- legal and compliance matters;
and
- tax, trade and other regulatory
matters.
We are not under any obligation and do not
intend to make publicly available any update or other revisions to
any of the forward-looking statements contained in this press
release to reflect circumstances existing after the date of this
press release or to reflect the occurrence of future events even if
experience or future events make it clear that any expected results
expressed or implied by those forward-looking statements will not
be realized. More information on potential factors
that could affect Victoria’s Secret results is
included in Victoria’s Secret Registration Statement on Form 10, as
amended, and the second and third quarters of 2021 quarterly
reports on Form 10-Q filed with the Securities and Exchange
Commission.
For further information, please contact:
Victoria’s Secret & Co.: |
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Investor Relations: Jason
Wareinvestorrelations@victoria.com |
Media Relations:Brooke Wilsoncommunications@victoria.com |
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