Victoria’s Secret’s Weak Sales Guidance Sparks Investor Concern, Shares Fall 30%: Time to Sell?

By |2024-03-07T17:42:39+00:00March 7th, 2024|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , , , , , |

Victoria’s Secret (VSCO) is down more than 30% so far Thursday after issuing a sales guidance that fell short of analyst expectations. The company is now forecasting net sales in 2024 of $6 billion. Meanwhile, the expectation on Wall Street was at least $6.19 billion.  This cautious forecast is being attributed to a drop [...]