By Davit Kirakosyan

Victoria’s Secret & Co (NYSE:) shares were trading around 8% higher after-hours following the company’s reported Q1 results, with EPS of $1.11 coming in better than the consensus estimate of $0.83. The consensus estimate was 4.5% higher year-over-year at $1.48 Billion.

Martin Waters, CEO commented that sales were achieved against the backdrop of global headwinds as well as a difficult inflationary environment. He also noted that adjusted earnings per share (Adjusted Earnings Per Dilute Share) was better than anticipated.

The consensus estimate for Q2/22 is $1.19. However, the company projects that the range for Q2/22 EPS will be $0.95-1.25. It expects that sales for the second quarter of 2022 will increase in low single digits and decrease in low single digits, as compared with last year.

Martin stated that the company was “well equipped to continue to address macro issues through merchandise, marketing that delights customers, new business initiative designed to grow our customer base, increase sales and financial discipline.”