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Victoria Secret shares spike 40% after big earnings beat, raised sales outlook
Shoppers may be feeling gloomy about high prices at the pump, but they're still shelling out for new bras and underwear at Victoria's Secret. The lingerie retailer raised its full-year guidance on Tuesday after blowing past earnings estimates in its fiscal first quarter, citing lower tariff costs and more customers willing to spend full price on its products. Shares soared about 40% in premarket trading.
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Cracker Barrel Rises on Full Year Guidance; Chewy Up on Q1 Results | Stock Movers
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Retail had a 'surprisingly robust' first quarter, but the real test is ahead as tax refunds dry up
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