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Victoria's Secret raises earnings and revenue forecasts, projecting strong Q4 and 2024 growth.
Victoria's Secret & Co. raised its Q4 and full-year earnings and revenue forecasts, despite shares falling on Thursday.
The company projects Q4 EPS of $2.00-$2.30 and revenue of $2.1-$2.2 billion, both above analyst expectations.
Q3 sales grew 7% to $1.35 billion, with international sales up over 20%.
The company's outlook for 2024 now predicts a 1%-2% increase in net sales, revised from a 1% drop.
Morgan Stanley increased its price target to $31.00, but the average rating remains a "Hold."
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Victoria's Secret aumenta las previsiones de ingresos y ganancias, proyectando un fuerte crecimiento Q4 y 2024.