Victoria's Secret is trading at $77.21, down -8.96%, after investors focused on weaker-than-expected third-quarter operating-income guidance.
- Q3 operating-income guidance of $10M–$20M trailed the $24.4M analyst estimate at midpoint.
- Q2 adjusted EPS beat estimates at $0.95.
- Full-year sales and operating-income guidance increased, but the negative Q3 outlook outweighed the strong results and raised annual forecast.