The Victoria’s Secret parent company announced net income of $276.6 million, or $0.97 per share, for the first quarter on Wednesday. Adjusted earnings per share totaled $1.25, beating analysts’ estimates of $1.25.
The iconic Brazilian flipflop brand has made its first foray into NFTs with the São Paulo-born, Los Angeles-based artist, who has created five digital art pieces commemorating his relationship with the company.
Global Fashion Group saw a strong Q1 as it attracted more customers to its websites and enjoyed a solid recovery in repeat customers. It also attracted more brands and marketplace net merchandise value almost doubled.