Movement Alert｜Victoria's Secret Rises 5.13% in Regular Trading, Q1 Earnings Significantly Beat Expectations with Full-Year Guidance Raised

Market Focus06-18

On June 18, Victoria's Secret rose 5.13% in regular trading, trading at $82.78/share, with turnover of $47.0172 million.

On the news front, the company previously reported fiscal Q1 results for the quarter ended May 2 that significantly exceeded market expectations. Net sales grew 15% year-over-year to $1.56 billion, while comparable store sales rose 13%. Operating profit surged 280% year-over-year to $76 million, and net income reached $48 million, a dramatic turnaround from the $2 million loss recorded in the same period last year. The strong results reflect robust demand recovery across the company's intimate apparel and beauty product portfolio, driving management to raise full-year guidance.

Within the Apparel Retail sector where Victoria's Secret belongs, among individual stocks, TJX Companies up 0.25%, Ross up 0.96%, Gap up 0.85%, Boot Barn up 5.37%, Abercrombie & Fitch down 0.07%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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