On October 9, Victoria's Secret & Co fell 5.17% in regular trading, trading at $82.2101/share, with Turnover of $11.64 million. The stock has seen notable volatility following its earnings release, with pre-market trading at one point down over 17%, reflecting a sensitive market reaction to revenue falling short of expectations.
Despite the company raising its full-year revenue guidance to $7.10 billion to $7.18 billion and several investment banks previously increasing their target prices, slowing sales growth and elevated near-term valuation have prompted some investors to lock in profits. The latest financials showed Q2 adjusted EPS of $0.95 beating estimates, but sales of $1.611 billion missed the $1.619 billion consensus.
Victoria's Secret & Co. operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care, under the Victoria's Secret, PINK, and Adore Me brands.
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