Victoria's Secret is trading 10.88% down at $75.58 after investors focused on disappointing third-quarter operating-income guidance despite a strong second-quarter earnings beat.
- Adjusted EPS reached $0.95, versus $0.75 expected, while revenue of $1.611 billion narrowly missed consensus.
- Q3 operating income guidance midpoint of $15 million trailed the $24.4 million analyst estimate.
- Full-year sales and operating-income guidance increased, but failed to offset margin concerns.