<body><p>STORY: Shares of Victoria's Secret soared about 50% to a record high and were set for their best day ever on Tuesday, after the lingerie retailer posted blockbuster quarterly earnings and raised its annual forecasts.</p><p>Revenue grew by double digits in the quarter across its brands, which include Pink, targeting younger women, and its line of beauty products, including perfumes and lotions.</p><p>As a result, Victoria's Secret boosted its annual net sales and operating income estimates.</p><p>The upbeat forecasts underscore CEO Hillary Super's efforts to stem several years of declining sales - and activist pressure - by reining in discounting and leaning back into its former "sexy" image.</p><p>:: Victoria's Secret</p><p>:: VSXY</p><p>:: Archive</p><p>Those efforts include reviving its popular runway show after a six-year hiatus and changing its ticker on the New York Stock Exchange from "VSCO" to "VSXY," saying that, quote, "sexy has always been part of our DNA."</p><p>Tuesday's earnings marked the fourth straight quarter of sales growth for Victoria's Secret, whose shares have nearly tripled in value over the past 12 months as of Monday's close.</p><p>About 19% of the company's shares are shorted, according to Ortex data, an elevated level that some analysts say could leave the stock exposed to a short squeeze.</p><p>The results also reinforced a bifurcation in U.S. consumer spending, with higher-income shoppers continuing to spend on discretionary items, while lower-income households pull back under persistent inflationary pressure and economic uncertainty.</p></body>
