Victoria’s Secret shares slump after sales miss despite profit beat
Victoria’s Secret posted better-than-expected quarterly profit and lifted its year outlook. Quarterly sales rose 10%, but $1.61 billion top line fell slightly short of analysts’ expectations, prompting the stock drop.
By WSJ StaffVictoria's Secret posted better-than-expected quarterly profit and lifted its outlook for the year, saying its turnaround plan is working.But its results seemingly weren't appealing enough for investors.
Though its sales rose 10%, its $1.61 billion top line fell slightly short of analys…