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Victoria’s Secret shares tumble, Bath & Body Works rises after earnings reports

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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…



Source cnbc.com

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