Victoria's Secret jumps after raising annual targets
BUZZ-Victoria's Secret jumps after raising annual targets ** Shares of Victoria's Secret VSXY.N up ~40% at $74 premarket
** Co raises annual sales and profit targets, betting on strong demand for its brands including Victoria’s Secret, PINK, and Beauty
** Expects annual net sales to be in the range of $7.03 billion to $7.13 billion vs previous forecast of $6.85 billion to $6.95 billion
** Sees annual adjusted operating income in the range of $550 million to $580 million vs previous range of $430 million to $460 million
** Reports Q1 net sales of $1.56 billion vs estimates of $1.52 billion- data compiled by LSEG
** Logs Q1 adjusted EPS of 60 cents vs estimates of 30 cents
(Reporting by Koyena Das in Bengaluru)
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