Victoria's Secret Stock Rises as Lingerie Maker Ups Outlook
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Victoria's Secret (VSCO) shares are rising in premarket trading after the company increased its sales outlook, driven by strong Thanksgiving weekend sales.
December 06, 2024 | 2:30 pm
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Victoria's Secret shares are increasing in premarket trading due to an improved sales outlook, supported by strong sales during the Thanksgiving weekend.
The news of an improved sales outlook is a positive indicator for investors, suggesting potential revenue growth. The strong sales performance during a key shopping period like Thanksgiving weekend further supports this outlook, likely leading to a short-term increase in stock price.
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