Victoria's Secret (VSCO) Earnings Beat Guides Sales Up 40% Forecast

AI Summary

Victoria's Secret (VSCO) shares increased by 40% in premarket trading after the company exceeded earnings expectations in its fiscal first quarter. The company raised its full-year sales forecast to between $7.03 billion and $7.13 billion, surpassing prior estimates of $6.85 billion to $6.95 billion. Adjusted operating income guidance was also lifted to between $550 million and $580 million from $430 million to $460 million. This upward revision follows strong sales performance, including a notable gain in market share among younger consumers and lower tariff costs.