Victoria's Secret Finds Its Groove Again Heading Into The Holidays

Benzinga

Victoria’s Secret delivered a strong Q3 with 8% same-store sales growth and broad strength across brands and channels, prompting raised guidance and a higher price target. Analysts say its “Path to Potential” strategy is fueling momentum heading into the holidays.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Victoria's Secret reported a strong third quarter with rising full-price sales and

00:07improving demand that is boosting momentum heading into the holiday season, according to Benzinga.

00:12Analyst Dana Telsey maintained a market perform rating and raised her price target to $50,

00:17citing momentum through the quarter and Black Friday traffic. The analyst said Victoria's

00:22Secret beat third-quarter expectations with an 8% same-store sales gain driven by broad

00:27strength across both brands, all regions, and every channel. She raised fiscal 2025 revenue

00:32guidance to $6.484 billion and EPS to $2.65 and now models fiscal 2026 EPS of $2.80.

00:43Telsey said Victoria's Secret's path to potential strategy is driving the company's results.

00:47For all things money, visit Benzinga.com.

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