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

I recommended a hold rating for Victoria’s Secret (NYSE: VSCO ) when I wrote about it earlier this year, as I wanted to see more tangible turnaround tractions, preferably with growth sustaining in the mid-single-digits range andI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hand ...