Victoria's Secret Shares Plummet Following Sales Forecast Disappointment

Wednesday, 6 March 2024, 21:48

Victoria’s Secret faces a significant setback as its sales forecast of $6 billion for the upcoming year falls short of Wall Street’s anticipated $6.19 billion. The subdued demand for apparel further compounds the company's challenges, resulting in a sharp decline in share value.

https://store.livarava.com/a0ab15ba-dc03-11ee-b8d6-5254a2021b2b.jpe — Victoria's Secret Shares Plummet Following Sales Forecast Disappointment

Victoria's Secret Sales Forecast Disappointment

Victoria’s Secret recently announced a sales forecast of $6 billion for the forthcoming year, which is notably lower than the $6.19 billion projected by Wall Street.

Subdued Apparel Demand

The subdued demand for apparel has added to the company's woes, leading to a significant drop in share prices.

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