Shares of Victoria’s Secret & Co.
fell after hours on Thursday after the lingerie-maker gave downbeat forecasts for the months ahead, saying “the environment will likely remain challenging for the foreseeable future.” Victoria’s Secret said it expected first-quarter sales to fall in the “mid-single digit range,” worse than the roughly 1% dip forecast by FactSet. It said it expected first-quarter adjusted earnings per share of 30 to 60 cents, compared to FactSet forecasts for 84 cents.
fell after hours on Thursday after the lingerie-maker gave downbeat forecasts for the months ahead, saying “the environment will likely remain challenging for the foreseeable future.” Victoria’s Secret said it expected first-quarter sales to fall in the “mid-single digit range,” worse than the roughly 1% dip forecast by FactSet. It said it expected first-quarter adjusted earnings per share of 30 to 60 cents, compared to FactSet forecasts for 84 cents.