Victoria’s Secret Warns Margin Gains Will Slow As Holiday Promotions, Costs Bite
Victoria's Secret stock slides over 10% on mixed Q2 results. Earnings beat expectations, but sales and full-year outlook miss.
Victoria's Secret made more profit per item sold than expected, but they're saying that won't last because they're having big sales this holiday season and costs are going up. When a store warns profits will slow down even though they just did okay, it means they're worried about the harder times ahead.
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