Retail earnings
Victoria’s Secret shares jump 40% after earnings beat and raised outlook
The lingerie retailer lifted its full-year forecast after stronger sales, fewer promotions and lower expected tariff costs in its fiscal first quarter
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- Energy costs Gas hits $4.55 a gallon as Iran war pressures consumers The national average is up more than 50% since the war began, while companies are also dealing with higher aluminum costs tied to Middle East disruptions
- Earnings Starbucks lifts outlook after stronger traffic, sales growth The coffee chain reported a second straight quarter of traffic gains and said higher gas prices have not yet changed customer behavior