Victoria's Secret is trading 4.2% down at $72.54 as investors continued repricing the company after Q3 operating-income guidance came in below estimates following its September 3 earnings report.
- Q3 operating-income guidance midpoint was $15 million, versus the $24.4 million analyst estimate, overshadowing a $0.95 adjusted EPS beat and $1.61 billion revenue.
- Hotter August PPI data, higher Treasury yields, and oil above $100 are also weighing on consumer-discretionary stocks.