Why Victoria's Secret Stock Fell This Week
Victoria's Secret (NYSE: VSCO) shareholders lost ground to the market this week. Shares fell 14% through Thursday trading, compared to a 0.4% increase in the S 500. This drop added to a tough year for the retailer, whose stock is down nearly 50% so far in 2023, according to data provided by S&P Global Intelligence.
The weekly decline came after management said the selling environment worsened over the last few months.
Comparable store sales were down 11% in Q1, Victoria's Secret said on Wednesday. While this result met management's sales goals, the company had to ramp up its discounting levels as shoppers became more cautious. This pullback worsened through the period, too. "As the quarter progressed business became more challenging," CEO Martin Waters said in a press release.
Source Fool.com
Waters Corp. Aktie
Mit 16 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung steht die Community der Waters Corp. Aktie positiv gegenüber.
Das Community-Kursziel von 367 € für Waters Corp. deutet auf ein leicht positives Wachstumspotenzial gegenüber 323.6 € hin.
