Victoria's Secret Boosts Profit Forecast Amid Stock Surge

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Victoria's Secret Boosts Profit Forecast Amid Stock Surge
Photo: Evan Agostini/AP/TT

The crisis-stricken underwear company Victoria's Secret is soaring in trading on the New York stock exchange after raising its sales forecast.

In connection to the latest quarterly report, the company writes that they now see that the full-year sales will land at around 6.41 billion dollars. This can be compared to a previous forecast of 6.3 billion dollars.

This also includes an estimated economic tariff effect of 100 million dollars in connection to the tariffs that President Donald Trump has set up.

During the second quarter, sales in comparable stores increased by 4 percent. Analysts had predicted a certain decline. On the New York stock exchange, the share has almost been halved since the turn of the year.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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