VSXY shares fall 15% after Q2 sales growth weakens
Victoria’s Secret & Co. reported sharply higher second-quarter profits and raised its full-year outlook, but shares dropped 15% on Thursday as Q2 sales growth weakened.
Victoria’s Secret & Co. (VSXY) delivered a sharp increase in second-quarter profits and raised its full-year financial outlook, demonstrating that its corporate turnaround plan continues to gain traction.However, shares of the intimate apparel maker plummeted 15% on Thursday, marking its worst day…