Victoria's Secret Shares Reach Record High Amid Successful Bra Strategy
Victoria’s Secret & Co.'s shares hit a record high after the company exceeded earnings estimates and raised its annual net sales guidance, signaling progress in CEO Hillary Super’s turnaround plan. The stock surged 47% on Tuesday, with investors rewarding efforts to revitalize the brand through focus on bras and the Pink line.
Topics: earnings report retail stock performance turnaround strategy