Victoria’s Secret & Co. raised its outlook after strong quarterly sales signaled new Chief Executive Officer Hillary Super’s turnaround plan is taking hold.
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The retailer now expects full-year revenue will be as much as $6.41 billion, up from a prior forecast of as much as $6.3 billion. The outlook includes an updated estimated tariff impact of about $100 million this year, double the prior projection.
The pressure is mounting for Super to drive returns at the company she joined about a year ago after being poached from Rihanna ’s lingerie brand. Victoria’s Secret is being targeted by investors seeking a shakeup of the business and changes to the board and strategy. The stock has dropped 45% this year through Wednesday’s close.
In the second quarter ended Aug. 2, comparab