ValueQ3, 24TTMSelling/general/admin expenses555 M2.03 BResearch & development——Operating income19 M255 MNon-Operating Income, Total05 MInterest expense, net of interest capitalized18 M74 MNon-Operating Income, excl. Interest Expenses-18 M-74 MUnusual income/expense05 MPretax income1 M123 MEquity in earnings——Taxes6 M35 MNon-controlling/minority interest6 M15 MAfter tax other income/expense——Net income before discontinued operations37 M128 MDiscontinued operations——Net income37 M128 MDilution adjustment——Preferred dividends——Diluted net income available to common stockholders37 M128 MBasic earnings per share (Basic EPS)-0.462.18Diluted earnings per share (Diluted EPS)-0.462.13Average basic shares outstanding81 M319 MDiluted shares outstanding81 M323 MEBITDA366 M502 MEBIT306 M251 MCost of revenue605 M4.05 BOther cost of goods sold——Depreciation & amortization (cash flow)60 M251 M
Victorias Secret & Co
Victoria's Secret is an American lingerie, clothing and beauty retailer. Founded in 1977 by Stanford graduate student Roy Raymond and his wife Gaye, the company's five lingerie stores were sold to Les Wexner in 1982. Wexner rapidly expanded into American shopping malls, expanding the company into 350 stores nationally with sales of $1 billion by the early 1990s, when Victoria's Secret became the largest lingerie retailer in the United States.
Since 1995, the Victoria's Secret Fashion Show has been a major part of the brand's image, featuring an annual runway spectacle of models promoted by the company as fantasy Angels. Being titled an “Angel” is considered a very prestigious title, and only given to models who regularly work with Victoria’s Secret. The 1990s saw the company's further expansion throughout shopping malls, along with the introduction of the 'miracle bra', the new brand Body by Victoria, and the development of a line of fragrances and cosmetics. In 2002, Victoria's Secret announced the launch of PINK, a brand that was aimed to teenagers and young women.