Victoria’s Secret ($VSCO) Raises Sales Forecast with Adjusted EPS of $2.00-$2.30, Stock Up 3.0%

Victoria’s Secret & Co. has announced an increase in its full-year sales forecast, attributing this positive adjustment to several 'major moments' that have contributed to its success. The company reported strong third-quarter results, surpassing analysts' expectations, with an adjusted net income per share estimated to be between $2.00 and $2.30, compared to the consensus estimate of $2.09. The stock price of Victoria's Secret (NYSE: $VSCO) rose by 3.0% in pre-market trading following the announcement. The company is also focusing on appealing to Gen Z consumers as part of its strategic direction.