Victoria’s Secret (VSCO) Q1 2022 earnings beat


Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022.

Mandel Ngan | AFP | Getty Images

Victoria’s Secret reported a quarterly profit that topped Wall Street expectations on Tuesday, but warned that it could continue to face supply chain and sales challenges for the remainder of the year.

The Ohio-based lingerie retailer noted that it faced “supply chain headwinds” in the three-month period ended April 30 while also lapping the sales bump it got in the year-ago period from people spending their federal stimulus money.

“If the first quarter sales trends adjusted for stimulus were to continue for the balance of the year, it could challenge our ability to deliver…

Source cnbc.com

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