Victoria's Secret & Co (VSCO) surged 17.18% during intraday trading on Friday, as investors cheered the company's better-than-expected third-quarter results and upwardly revised full-year outlook.
The lingerie retailer reported Q3 net sales of $1.47 billion, up 9% year-over-year, while its adjusted loss per share narrowed to $0.27, beating estimates of a $0.59 loss. The company also raised its fiscal 2025 net sales forecast to $6.45-$6.48 billion (from $6.33-$6.41 billion) and adjusted EPS guidance to $2.40-$2.65 (from $1.80-$2.20). Improved margins, driven by reduced promotions and higher regular-priced sales, further bolstered investor confidence.
CEO Hillary Super highlighted the company's "strongest Black Friday in over four years," with high customer turnout and engagement. Analysts noted that VSCO's strategic focus on product innovation and cost discipline positions it well for the holiday season and beyond.
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