Why Is Victoria's Secret Stock Trading Down Today?
Portfolio Pulse from Ryan Gustafson
Victoria's Secret & Co. (NYSE:VSCO) stock is trading lower after reporting lower Q1 earnings per share and worse-than-expected sales results. Multiple analysts have also lowered their price targets for the company.
June 01, 2023 | 6:47 pm
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Victoria's Secret stock is trading lower due to disappointing Q1 earnings and sales results, leading to multiple analysts lowering their price targets.
Victoria's Secret reported lower Q1 earnings per share and worse-than-expected sales results, which negatively impacted the stock price. Additionally, multiple analysts have lowered their price targets for the company, further contributing to the stock's decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100