Shoppers pass in front of a Victoria’s Secret store at a mall in San Diego, California, April 22, 2021.
Bing Guan | Bloomberg | Getty Images
Shares of Victoria’s Secret are tumbling while those of Bath & Body Works are on the rise after the two retailers reported their respective quarterly earnings results for the first time as stand-alone businesses.
Both companies were previously part of L Brands, but Victoria’s Secret was spun off earlier this month.
Victoria’s Secret shares closed Thursday down 3.5% at $69.15, while Bath & Body Works shares rose more than 10% to $65.51. Both stocks had seen a runup in recent weeks, as investors anticipated the businesses would operate stronger on their…