Victoria's Secret sees stock plunge by 30% after stores warn over unexpected $180million drop in sales in 2024 https://t.co/NBhVyyRBSx https://t.co/ADdTCZs5Jb
Victoria’s Secret’s stock plunges 30% in worst day ever as lingerie sales tank https://t.co/XY1dJAlirO https://t.co/RIB7fSgYBC
Victoria's Secret falls as shrinking demand hits sales forecasts https://t.co/AMTGXtxV2G https://t.co/cRiBZecBPG


Victoria's Secret reported its Q4 earnings with an EPS of $2.58, slightly above the estimated $2.47, and sales of $2.08B, just below the estimated $2.09B. Despite these figures, the company's shares plummeted due to a weaker sales forecast amid subdued demand. This decline was attributed to shrinking demand impacting sales forecasts, resulting in the stock plunging 30% in its worst day ever. The significant drop was further highlighted by an unexpected $180 million decrease in sales for 2024.