Victoria's Secret Guides 3Q Sales to $1.57B-$1.6B
VSXY has more than doubled off its 52-week low of $22.54.
Summary
Victoria's Secret issued third-quarter sales guidance of $1.57 billion to $1.6 billion. This is the first time the company has provided a specific revenue range for the upcoming quarter. The midpoint of $1.585 billion is slightly above the $1.56 billion reported in Q1, suggesting modest sequential growth expectations. The guidance comes amid ongoing insider selling by major shareholder BBRC International, which has sold over $170 million in stock over the past three months. Traders will compare this range to consensus estimates and prior-year Q3 sales to gauge whether the company is signaling acceleration or deceleration.
At the time of this announcement, VSXY was trading at $76.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.7B. The 52-week trading range was $22.54 to $102.46. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.