Why Victorias Secret Stock Is Moving After-Hours

Victorias Secret & Co. (NYSE: VSCO) shares are trading higher in Wednesday's after-hours session after the company announced it will present a strategic plan and reaffirmed previous full-year 2023 guidance.

What To Know: The strategic plan is focused on "accelerating the core and driving growth initiatives to deliver the potential of the Victoria's Secret and PINK Brands." The company will be hosting a meeting for investors and analysts on Thursday to share it.

Additionally, Victoria's Secret announced several revised guidance figures on Wednesday. The company revised third-quarter earnings per share outlook from between losses of 70 cents and losses of $1.00 to between losses of 70 cents and losses of 90 cents, with consensus estimates at losses of 79 cents.

Victoria's Secret revised its third-quarter net sales forecast to a decline of 3% to 5%, from prior guidance of a decline in the low to mid-single digit range.

VSCO Price Action: Shares of VSCO were up 2.55% at $15.31 in the after-hours session at the time of publication, according to Benzinga Pro.

Related Link: Why The Real Good Food Company Stock Dropped Today

Image by Foundry Co from Pixabay