Victoria’s Secret & Co., a US-based company dealing in lingerie has reported a gain of 7 per cent in its sales for its third quarter. The corporation increased its estimates for the entire fiscal year as a result of the encouraging data.
Net revenue of the company for the third-quarter is US $ 1.34 billion. The final outcome exceeded the first projection. Additionally, Victoria’s Secret & Co. was able to lower its quarterly net loss from US $ 71 million to US $ 56 million.
The group’s fiscal year 2024 projection has been raised. The business now anticipates sales growth of 1 to 2 per cent, compared to its previous expectation of a 1 per cent fall. The brands that make up Victoria’s Secret & Co. are Victoria’s Secret, the eponymous brand, Adore Me and Pink
