The US lingerie group, which includes the brands Victoria’s Secret, Pink and Adore Me, achieved a seven percent increase in sales in the third quarter of the current financial year. The positive numbers have led the company to raise its expectations for the full financial year.
The company reported net sales of $1.34 billion (1.27 billion euros) for the third quarter. D The result achieved is above the original forecasts. Victoria’s Secret & Co. was also able to reduce its net loss during the period. This amounted to $56 million, compared to $71 million in the same period last year.
The group is raising its forecast for the 2024 financial year. While a decline of one percent was previously expected, the company now expects sales growth of between one and ten percent.
This article previously appeared on Fashionunited.nl and was created using digital tools translated.
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