Victoria’s Secret Surges After Robust Sales Push Outlook Higher

Victoria’s Secret & Co. reported better-than-expected sales and lifted its outlook for the year, a sign that its turnaround strategy is working, while offering more evidence of consumer resilience in the US.

Comparable sales rose 8 percent last quarter, the company said. That topped the average analyst estimate. The retailer also nudged up its forecast for sales and earnings per share for the year.

The results continue a string of positive results from major retailers, despite signs of…