Victoria's Secret reports 10% net sales growth in quarter ended Aug. 1
Victoria's Secret posted a 10% increase in net sales in the quarter ended Aug. 1. Results were within its projected range but slightly less than analysts had expected, with growth slowing from the prior period.
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02:32:35 PM UTC
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By Tomi KilgoreThe company delivered sales near the high end of its forecasted range, but Wall Street was expecting more, and the stock is headed for its worst day in more than a yearVictoria's Secret's stock was falling Thursday after a slight sales miss offset a profit beat and raised outlook.Sha…
By Suzanne KapnerVictoria's Secret delivered a strong quarter.
Investors were hoping for more.The company posted a 10% increase in net sales in the quarter ended Aug.
1.
The results were within its projected range, but slightly less than analysts had expected.
Moreover, growth slowed from the previ…