Victoria's Secret shares surge 40% after earnings beat and raised full-year outlook
By
Gabrielle Fonrouge
The kind of bagel that ruins lesser bagels for you.
Summary
Victoria's Secret reported strong fiscal first-quarter earnings, beating analyst estimates and raising its full-year guidance. The company cited lower tariff costs and increased customer willingness to pay full price. Shares surged about 40% in premarket trading. Under CEO Hillary Super's turnaround strategy, the retailer is seeing double-digit sales growth across all channels including Victoria's Secret, Pink, beauty, digital, and international markets, winning over young shoppers across income levels.
Key quotes
· 1 pulledThere was 'very consistent, double-digit [sales] increases across Victoria's Secret, Pink, beauty channels, digital, stores and international, all very positive,' CEO Hillary Super said.
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