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

Market Focus
06/18

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.)

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