Victoria's Secret Boosts Annual Outlook After Beating Revenue Projections

Victoria's Secret raised its annual outlook after third-quarter revenue exceeded Wall Street expectations. The retailer now expects a 2% revenue increase for the year, an upgrade from its previous forecast of a 1% decline. This marks the first earnings report under CEO Hillary Super, who was brought in to steer the company’s turnaround. Victoria’s Secret has faced years of challenges, including declining demand, rising competition from new lingerie brands, and workplace misconduct allegations. Shares have risen over 60% year-to-date, outpacing the S&P 500 Index's 27% gain.