On September 10, Victoria's Secret & Co fell 5.05% in regular trading, trading at approximately $71.90 per share, with turnover of $57.19 million. The stock has been under sustained selling pressure since the company released its fiscal second-quarter earnings on September 3.

The Q2 report showed adjusted earnings per share of $0.95, beating the consensus estimate of $0.77 by over 23%. However, net sales of $1.611 billion came in slightly below the analyst estimate of $1.619 billion. Although sales grew 10% year-over-year, the pace decelerated notably from the 15% growth posted in the prior quarter. The stock plunged more than 20% in pre-market trading immediately following the release and has continued to slide in subsequent sessions.

Full-year revenue guidance of $7.10 billion to $7.18 billion was roughly in line with the FactSet consensus of $7.14 billion, failing to provide additional upside catalyst. Despite the earnings beat, investors appeared disappointed by the revenue shortfall and the decelerating top-line momentum, keeping the stock on a downward trajectory.

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