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Victoria's Secret stock soars 8% after retailer says holiday season went better than expected

Published: Jan. 31, 2023 at 12:17 p.m. ET Lingerie company announces $125 million accelerated share buyback program Rhoyle Ivy King, Halle Bailey, Chloe Bailey, and Netta Walker at an event to celebrate Victoria’s Secret’s more diverse approach. Jon Kopaloff/Getty Images Victoria’s Secret & Co. stock soared 8% Tuesday after the lingerie company raised its fourth-quarter
Financial Press

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victoria's-secret-stock-soars-8%-after-retailer-says-holiday-season-went-better-than-expected

Lingerie company announces $125 million accelerated share buyback program

Rhoyle Ivy King, Halle Bailey, Chloe Bailey, and Netta Walker at an event to celebrate Victoria’s Secret’s more diverse approach.

Jon Kopaloff/Getty Images

Victoria’s Secret & Co. stock soared 8% Tuesday after the lingerie company raised its fourth-quarter guidance to reflect a better-than-expected holiday season in the face of a “challenged” consumer.

“Our sales performance was at the better end of our guidance with margins solidly in line with our expectations despite our response to a very promotional environment during the holiday season,” Chief Executive Martin Waters said in a statement.

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