VSCO - Victoria's Secret soars beats in first earnings release since Bath & Body Works spin-off

Victoria's Secret (NYSE:VSCO) shares soar as the company beats earnings and posts 6.5% Y/Y growth (roughly in-line). Sales in North America grew 21.9%, direct fell 13.5% and international sales are down 10.4%. “I am very pleased with our solid third quarter performance which reflects growth in all core categories," said CEO Martin Waters. "We continue to monitor global supply chain issues and believe our close partnerships with our vendors and our work to get ahead of the curve will help mitigate those challenges." Q4 sales are expected to be between $2.1B and $2.16B vs consensus of $2.27B and EPS are guided to between $2.35 and $2.65 vs consensus of $2.79. Shares are up 13.52% AH. Bath & Body Works (NYSE:BBWI), which recently spun off Victoria's Secret, also gained post earnings.

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Victoria's Secret soars, beats in first earnings release since Bath & Body Works spin-off