Victoria's Secret Sales Surge, Turnaround Plan Pays Off

Victorias Secret shares surged following their better-than-expected financial results, with a loss of forty-six cents per share and nine point two percent revenue growth. Their turnaround plan, focusing on fewer promotions and full-price sales, is paying off, with North American, direct-to-consumer, and international sales all increasing. The company raised its full-year forecast for adjusted earnings per share and revenue, indicating a commitment to managing costs while investing in new products and improving customer experience.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.