Victoria’s Secret & Co VSCO Shares traded higher in Wednesday’s after-hours session after the company announced a new strategic vision going forward and updated its third-quarter guidance.
Victoria’s Secret will host an investor day on Thursday to discuss its new vision, which includes plans to strengthen its core business, fuel growth and transform the company’s foundation.
Victoria’s Secret said it now expects third-quarter operating income to come in at the high end of its earlier guidance range of $10 million to $40 million. Third-quarter earnings are also expected to come in at the high end of the previously provided guidance range of flat to 25 cents per share.
“Led by our two category-defining brands and a global company positioned to increase market share, our goal is clear – to become the world’s leading lingerie fashion retailer. Our market position at the top of the domestic underwear category is a key strength and growth opportunity for our business,” said Martin WasserCEO of Victoria’s Secret.
The Victoria Secret Analyst Day is scheduled to begin at 10 a.m. ET Thursday morning.
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VSCO Price Action: Victoria’s Secret has a 52-week high of $65.20 and a 52-week low of $26.14.
The stock was up 2.77% after the close of business to $33.40 at the time of publication Gasoline Pro.
Photo: jacqueline macou from Pixabay.
