COLUMBUS, Ohio (COLUMBUS BUSINESS FIRST) — Victoria’s Secret & Co. expect new products, a new acquisition and a makeover of one of its key brands to help the business grow sales in 2023.
The Columbus-based retailer Friday reported fourth quarter and full-year results.
Sales in 2022 dropped 6% to $6.344 billion. Comparable store sales fell 8% compared with 2021. Net income was $348 million, or $4.14 per share, versus $646 million, or $7.18 a share, in 2021.
Victoria’s Secret sales in the quarter dropped 7% to $2.02 billion. Comparable store sales fell 6%.
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