08:18 AM EDT, 08/14/2024 (MT Newswires) -- Victoria's Secret (VSCO) reported preliminary fiscal Q2 adjusted earnings Wednesday of $0.34 to $0.39 per diluted share, compared with its previous guidance of $0.05 to $0.20.

Analysts polled by Capital IQ expect $0.16.

Net sales for the quarter ended Aug. 3 are expected to fall by 1% to 2%, compared with its prior expectation of a 1% to 3% decline.

Additionally, Victoria's Secret said it has named Hillary Super as chief executive and to its board, effective Sept. 9. Super succeeds Martin Waters, who will serve as an advisor through Aug. 31. Chief Financial and Administrative Officer Timothy Johnson was named as interim CEO through Sept. 8.

Shares of the company were up more than 15% in recent premarket activity.

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