Shares of Victoria's Secret & Co. jumped more than 15% in the extended session Wednesday after the apparel maker reported quarterly profit above estimates...
Shares of Victoria’s Secret & Co. jumped 12% in the extended session Wednesday after the apparel maker reported quarterly profit above estimates and said its “close partnerships” with suppliers are keeping supply-chain issues at bay.
Sales rose 7% to $1.44 billion from a year ago, but declined 9% in comparison with the third quarter of 2019, reflecting a net closure of about 260 company-operated stores since that time. “Our work to transform our brand, deepen our customer connections and improve our operational fundamentals is gaining positive traction,” Chief Executive Martin Waters said in a statement.
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