On July 20, Victoria's Secret rose 5.17% in regular trading, trading at approximately $85.66/share, with turnover of $8.75 million. The rally was driven by strong fiscal year results from the company's China joint venture and a bullish analyst update.

Victoria's Secret's China JV disclosed that for the fiscal year ended March 31, revenue reached HK$2.799 billion, up 42.4% year-over-year, while net profit surged 513% to HK$525 million. The significant growth was attributed to rising brand recognition in the Chinese market and the long-term payoff of localized merchandise strategies and marketing initiatives. Bank of America maintained its Buy rating on the stock and raised its target price to $95.

The strong China results complement the company's broader momentum. In early June, Victoria's Secret issued second-quarter sales guidance that exceeded expectations, and in May, the company sent a shareholder letter highlighting robust financial performance, significant shareholder value creation, and sustained growth under current leadership, underscoring its confidence in continued business expansion and market share gains.

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