Operator
Good day and thank you for standing by. Welcome to be Express, Inc. Q1 2021 Earnings Conference Call. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Dan Aldridge, Vice President of Investor Relations. Please go ahead.
Dan Aldridge
Vice President of Investor Relations
Thank you, Mariano. Good morning and welcome to our call. I d like to open by reminding you of the Company s safe harbor provisions. Any statements made during this conference call, except those containing historical facts may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual future results may differ materially from those suggested adjusted in forward-looking statements due to a number of risks and uncertainties, all of which are described in the Company s filings with the SEC including today s press release.
AP Photo/Francois Mori
Wall Street is optimistic about Victoria s Secret s revival after its parent firm reported Q1 earnings.
Same-store sales were up 9% for the first three months of 2021 versus 2019 for Victoria s Secret brand.
Experts cite more inclusive marketing and a management shakeup as key factors.
Victoria s Secret is having somewhat of a comeback, and Wall Street is starting to get excited about it.
In L Brands earnings call this week, several analysts congratulated the management team on Victoria s Secret s first-quarter results. Same-store sales were up 9% in the first quarter of the year versus 2019 and operating income, a measure of profitability, increased by $213 million or 665%.
Victoria s Secret is making a major comeback after years of decline – and Wall Street is salivating businessinsider.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.co.za Daily Mail and Mail on Sunday newspapers.