Victoria's Secret & Co. (NYSE:VSCO) stock fell in premarket trading after a 30% loss the previous day. Over the last year, VSCO shares dropped 46% against the S&P 500's 30% gain. The company missed Q4 revenue estimates and forecasted a mid-single digit sales decrease for Q1 2024, with adjusted operating income between $10 million to $35 million. Analysts highlight challenges in the intimates market and a tough operating environment, expecting pressure through at least the first half of 2024.