Here's Why Victoria's Secret Shares Are Moving

Victoria's Secret & Co VSCO shares are trading lower by 4.56% to $36.60 Thursday morning after the company reported worse-than-expected second-quarter sales results and issued third-quarter and FY23 EPS guidance below estimates.

What Happened?

Victoria's Secret reported a second-quarter sales decline of 5.7% year-over-year to $1.52 billion, missing the consensus of $1.56 billion. Meanwhile, total comparable sales decreased 8% compared to second-quarter 2021.

• Adjusted EPS for the quarter was $1.09, beating the consensus of $0.95... Read More

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According to data from Benzinga Pro, Victoria's Secret has a 52-week high of $71.83 and a 52-week low of $26.14.