Victoria's Secret & Co (VSCO) shares tumbled 6.03% in intraday trading on Wednesday, as investors braced for the lingerie retailer's fourth-quarter earnings report due after the market close.
The stock plunge reflects growing concerns among traders and analysts about the company's ability to maintain momentum in its turnaround efforts and sustain growth in the competitive retail landscape.
According to FactSet data, Wall Street analysts expect VSCO to report a net profit of $184.4 million, or $2.28 per share, for the fourth quarter of 2024. While this would represent a modest increase from the same period a year earlier, the company's sales are only projected to rise slightly to $2.08 billion.
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