Victoria’s Secret Raises Sales Outlook to $7.13 Billion as Shares Hit Record High
Updated
Updated · Bloomberg · Jun 2
Victoria’s Secret Raises Sales Outlook to $7.13 Billion as Shares Hit Record High
3 articles · Updated · Bloomberg · Jun 2
$7.13 billion is Victoria’s Secret’s new annual net sales target, lifted from a previous high of $6.95 billion after the retailer topped earnings estimates.
$1.56 billion in quarterly net sales for the period ended May 2 also beat analyst forecasts, with comparable sales coming in above expectations.
Record-high shares extended the market’s positive response, reinforcing signs that CEO Hillary Super’s turnaround plan is gaining traction.