On September 9, Victoria's Secret & Co fell 5.06% in regular trading, trading at approximately $74.46 per share, with turnover of $14.83 million. The stock remains under sustained selling pressure following its Q2 earnings release on September 3.
The company reported adjusted earnings per share of $0.95, significantly beating the consensus estimate of $0.77 by over 23%. However, revenue of $1.611 billion came in slightly below the analyst forecast of $1.619 billion. Notably, sales growth decelerated to 10% from the prior quarter's 15% pace, raising concerns about momentum. Despite the earnings beat and an upward revision to full-year guidance of $7.10 billion to $7.18 billion — roughly in line with the FactSet estimate of $7.14 billion — the revenue miss triggered a sharp pre-market drop of over 20% on the earnings date. The stock has continued to retreat as the guidance failed to provide incremental upside to offset investor disappointment over slowing top-line growth.
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