Victoria's Secret (VSCO) narrowed its fiscal Q4 outlook Wednesday, raising the lower end of its projections for adjusted diluted earnings per share and net sales.
The company now expects adjusted EPS of $2.20 to $2.30, from its previous forecast of $2 to $2.30. Analysts polled by FactSet expect $2.25.
Net sales for the quarter ending Feb. 1 are now estimated to grow 3% to 4%, from the previous growth range of 2% to 4%, according to the statement. Analysts polled by FactSet expect $2.08 billion.
In the same statement, Victoria's Secret said Scott Sekella was named as its new chief financial officer to succeed Timothy Johnson, who is retiring from the company in June.
Victoria's Secret shares were down 5% in recent premarket activity.
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