Victoria's Secret shares drop more than 12% on weak Q3 profit outlook

VSXY Victoria's Secret & Co

$90.82 +2.71%

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1. 1Victoria's Secret (VSCO) shares fell more than 12% after its third-quarter profit outlook missed Wall Street estimates.
2. 2Adjusted EPS of $0.95 for Q2 beat the $0.77 consensus, but the company guided Q3 operating income to $10 million–$20 million.
3. 3Full-year sales and operating income guidance was raised, but Jefferies kept its Hold rating, saying the improvement was already priced into the stock.

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