Earnings

In this article

Pedestrians wearing protective masks carry Victoria’s Secret Stores LLC shopping bags in San Francisco, California, U.S., on Wednesday, Feb. 17, 2021.
David Paul Morris | Bloomberg | Getty Images

Victoria’s Secret-owner L Brands on Friday raised its profit outlook for the first quarter, citing a boost from government stimulus and from loosened Covid-related restrictions.

Its stock jumped more than 5% in premarket trading.

The company now expects an adjusted profit of 85 cents to $1 per share, compared with its previous forecast of 55 cents to 65 cents.

This story is developing. Please check back for updates.

Articles You May Like

Movie theater shares pop after writers, studios reach tentative labor deal
Top Wall Street analysts are bullish on these dividend stocks
This year’s top 10 highest-paying college majors include some you may have never heard of
Biden ESG rule survives challenge in court. ‘Tonal shift’ may be biggest victory, lawyer says
Mark Cuban wants to give you personalized advice for free now—here’s how to get it