Victoria’s Secret Surges After Robust Sales Push Up Outlook

Victoria’s Secret & Co. reported better-than-expected sales and lifted its outlook for the year, a sign that its turnaround strategy is working, while offering more evidence of consumer resilience in the US.

Comparable sales rose 8% last quarter, the company said. That topped the average analyst estimate. The retailer also nudged up its forecast for sales and earnings per share for the year.