Revenue Analysis
VSCO’s Total and Operating Revenue have seen notable fluctuations over the observed periods. In the most recent quarter (2024-01-31), the company reported Total and Operating Revenue of $2,083,000,000, a significant increase from $1,265,000,000 on 2023-10-31 and $1,427,000,000 on 2023-07-31. Gross Profit followed a similar trend, increasing to $826,000,000 in 2024 from $427,000,000 and $487,000,000 in the previous two quarters respectively.
Cost Management
The Cost of Revenue was highest in the latest quarter at $1,257,000,000, compared to $838,000,000 and $940,000,000 in prior periods. Operating Expenses and Total Expenses were also at their peak in the most recent quarter, with Operating Expense captured at $567,000,000 and Total Expenses at $1,824,000,000.
Profitability Analysis
The most recent EBITDA stands impressively at $327,000,000, a sharp increase from just $4,000,000 in 2023-10-31. Similarly, Operating Income rose to $259,000,000 from negative figures several months prior, with Pretax Income surging to $232,000,000 from heavy losses. Net Income has turned around from negative figures to robust positive figures ($181,000,000), indicating significant recovery and growth.
Cash Flow Indicators
Reconciled Depreciation remains high, indicative of significant investments in capital assets: $68,000,000 most recently, compared to $71,000,000 and $72,000,000 in the past. Interest Expense has been maintained consistently, suggesting stable financing costs.
Taxation
The Tax Rate for Calculations has seen a dynamic shift, recently recorded at 20.69%, compared to 24.1% and 21% previously. Tax Provision was $48,000,000 in the latest data, showing a recovery from prior negative or lower figures.
Shareholder Metrics
Diluted EPS and Basic EPS have improved to the extent where figures are absent for the latest quarter, previously noted at -0.92. The stabilization in Net Income Available to Common Stockholders ($181,000,000) from prior negative values underscores a return to profitability.
Conclusion
VSCO’s financial performance has dramatically improved in the recent quarter with growth in revenue, reduction in losses, stabilization of costs, and return to profitability. This trend, if sustained, suggests a potentially strong outlook for VSCO’s operational and financial health.