Victoria’s Secret (NYSE:VSCO) Welcomes Hillary Super as New CEO, Leading to a Surge in Stock Price
Victoria’s Secret has announced the appointment of Hillary Super as its next CEO, replacing Martin Waters. With nearly three decades of experience in the sector, including serving as the CEO of Savage X Fenty and the Global CEO of Anthropologie Group, Super is set to take over on Sept. 9, 2024. In the meantime, Timothy Johnson will act as the interim CEO.
Victoria’s Secret Stock Surges on Strong Preliminary Earnings Report
Victoria’s Secret also released its preliminary results for the second quarter of 2024, with sales expected to drop 1% to 2% compared to the previous year, outperforming previous expectations. Adjusted EPS is projected to range from 34 cents to 39 cents, exceeding Wall Street’s estimate of 16 cents per share. As a result, VSCO stock is up by 17.3% on Wednesday morning.
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Disclaimer: The opinions expressed in this article are those of the writer and do not reflect any direct or indirect positions in the securities mentioned.
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