Victoria's Secret: Expect a steady improvement in performance this year.

Despite the uncertain macroeconomic environment, a shift in consumer confidence, and lower-than-expected first-quarter sales, Victoria's Secret remains optimistic about its performance this year, expecting sales to gradually improve throughout the year.

The full-year sales expectation is US$6.2 billion to US$6.3 billion, slightly below analysts' expectation of US$6.35 billion.

The first-quarter sales expectation is US$1.3 billion to US$1.33 billion, below the expected US$1.39 billion.

Same-store sales grew 5% in the fourth quarter of last year, above the expected 3.8%. Total revenue grew 1% to US$2.11 billion, slightly above the expected US$2.08 billion. Adjusted EPS was US$2.60, above the US$2.30 expected by Wall Street.

The company experienced a leadership change, with the new CEO and CFO taking office in September and January, respectively.

The company said the uncertain macroeconomic environment and declining consumer confidence affected sales in the early part of the year. Unusual weather in the US also had a negative impact. It expects things to gradually improve as the year progresses and the company's strategy is implemented, with sales growth in both North America and international.