Victoria's Secret: Moving In The Right Direction, But FY25 Is An Uncertain Year

Group 1 - The article recommends a hold rating for Victoria's Secret (NYSE: VSCO) until more tangible turnaround traction is observed, particularly with growth sustaining in the mid-single-digits range [1] - An ideal investment is characterized by performance in a sector projected to experience structural organic growth exceeding GDP growth over the next 5-10 years [1] - Profits should stem from sustainable competitive advantages that translate into attractive unit economics, managed by competent, ethical, and long-term thinkers, and should be fairly valued [1]