Why Victoria's Secret Stock Plummeted Today

Shares of Victoria's Secret (VSCO -29.70%) plummeted 29.7% on Thursday after the lingerie, clothing, and beauty-products retailer announced reasonably solid quarterly results but followed with underwhelming forward guidance.Victoria's Secret's decent fourth quarter wasn't enoughFor its fiscal fourth quarter ended Feb. 3, 2024, Victoria's Secret's net sales grew 3% year over year, to $2.082 billion, including a comparable-sales decline of 6% (noting that there was an extra week in this fourth quarter, as com ...