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Why Victoria's Secret Stock Stinks Today

TheMotleyFool

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Shares of lingerie-maker Victoria's Secret (NYSE: VSCO) tumbled 9.3% through 11:30 a.m. ET Thursday after reporting a big earnings miss in the first quarter of fiscal 2023 -- and a potentially even bigger miss next quarter.

Heading into Q1, analysts had forecast Victoria's Secret would earn $0.54 per share, non-GAAP, on sales of $1.42 billion. Victoria's Secret came close to hitting the sales target, delivering sales of $1.41 billion, but earnings fell woefully short of projections -- just $0.28 per share.

It gets worse.

Source Fool.com

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