Bad Forecasts

Victoria’s Secret plunges 30% on falling sales guidance

Crotchless panties anyone? Apparently not as Victoria’s Secret is in freefall after projecting lower revenues next year. This coming off a year where same-store sales already saw a 6% drop so with over $3 billion in debt, we can understand why the street is hitting the panic button.

But hey, maybe AI will turn things around!

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