0941 ET - Jefferies bullish view on Victoria's Secret is intact and financial estimates are left largely unchanged after the lingerie retailer lifts the bottom end of its 4Q targets. Analyst Corey Tarlowe reckons the company is well positioned to continue seeing healthy trends, and is on a path to recovery even if top-line trends are partly pressured by macro-related headwinds. Victoria's Secret additionally named Scott Sekella to succeed CFO Timothy Johnson. Sekella most recently served as CFO at the fabric and crafts company Joann, and Tarlowe notes the succession comes months after Hillary Super was named the new CEO. Victoria's Secret is off 6.9% in early trading. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
January 29, 2025 09:41 ET (14:41 GMT)
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