Victoria’s Secret shares rise sharply after the lingerie retailer reports results that beat expectations and upgrades its annual sales outlook. Multiple outlets say the move comes amid the company’s ongoing turnaround under CEO Hillary Super, which focuses on improving performance across its brands and attracting younger shoppers. CNBC reports that the company’s shares spike around 40% following the earnings beat and a raised outlook, describing the turnaround as gaining traction with shoppers across income levels. Retail Gazette similarly reports a large jump in the stock, mentioning the shares move to a record high during the session and that the company raises its annual forecast after posting double-digit quarterly revenue growth across its brands. The outlets also agree the stock surge is tied to the company’s stronger-than-expected operating performance and forward guidance, with the update signaling expectations for improved momentum over the year. Trading during the day fluctuates after the initial reaction, but both sources characterize the news as driving the largest positive market response in the stock’s recent history, reflecting investor confidence in the turnaround plan and revenue trajectory.