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Victoria’s Secret & Co. projected profit for the current quarter that trailed Wall Street’s expectations — a hit to the fledgling turnaround being led by a chief executive officer in her first year.
The lingerie retailer expects adjusted net income to be between flat and 15 cents a share. Analysts on average projected revenue of $1.4 billion and adjusted earnings of 29 cents a share. Its sales forecast met estimates.
Shares fell less than 1 percent in premarket trading on Wednesday. The…
