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00:02Victoria's Secret raised its full-year guidance after beating fiscal first-quarter earnings estimates, according to CNBC.
00:09The lingerie retailer cited lower tariff costs and more customers paying full price,
00:15sending shares up about 40% in pre-market trading.
00:19Victoria's Secret reported adjusted earnings of $0.60 per share and revenue of $1.56 billion,
00:25topping estimates of $0.30 and $1.52 billion, respectively.
00:32The company posted net income of $47.7 million, or $0.56 per share,
00:38compared with a loss of $1.66 million a year earlier.
00:42Sales rose 15% year-over-year, with comparable sales growing 13%, beating estimates of 11.4%.
00:51CEO, Hillary Super accredited double-digit sales growth across all channels,
00:56fewer promotions, and market share gains among shoppers, ages 18 to 24.
01:02The company raised its full-year sales outlook to between $7.03 billion and $7.13 billion.
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