Victoria's Secret Revises Q3 Net Sales Forecast To Decline Of 3%- 5% From Prior Guidance For Decline In The Low- To Mid-single Digit Range
Portfolio Pulse from Benzinga Newsdesk
Victoria's Secret has revised its Q3 net sales forecast, now expecting a decline of 3%-5% from its previous guidance for a decline in the low- to mid-single digit range.
October 11, 2023 | 8:33 pm
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NEGATIVE IMPACT
Victoria's Secret's revised Q3 net sales forecast could negatively impact its stock price in the short term.
Victoria's Secret's revised Q3 net sales forecast indicates a larger than previously expected decline. This could lead to a negative investor sentiment, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100