Sexy sells on Wall Street — and in the case of Victoria’s Secret & Co., very well.
Shares of the intimates retailer shot up 47 percent to $79.86, a blistering rate of ascent fed by a 15 percent sales increase in the first quarter, stronger earnings and a boost to the annual outlook. The company also traded for the first time under the “VSXY” ticker.
Hillary Super, chief executive officer and architect of the company’s turnround, was relatively demure in an interview with WWD and described it as a “really nice quarter.”
When Super became CEO in September 2024, Victoria’s Secret was at something of a loss — pressured by activist investors and failing to regain momentum after a stretch in the cultural wilderness.
It’s been a big change in such a short time.
