Diamonds and Dogs

3/7/24

Kroger (KR) jumping 9% following better than expected earnings. The guidance was not great as the company sees challenging quarter for sales, but is more optimistic for the rest of the year with comps jumping to double digit growth.

Victoria Secret (VSCO) tumbles as a return around falters. Victoria Secrets beat estimates by 12 cents as revenue was in line, but guidance was weak. JP Morgan downgraded the stock with an $11 price target. The company did authorize a $250 million share repurchase program.

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