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Victoria's Secret Is Showing Signs of Recovery, with Increased Revenue and Profits in the May-July 2014 Quarter.
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[NEW YORK – Yoshiko Sugimoto, Correspondent] Victoria's Secret is making a comeback. Sales for May-July 2014 rose 10.4% year-on-year to $1.611 billion, operating profit increased 6.3 times to $257 million, and net profit rose 11.3 times to $183 million. This quarter, Victoria's Secret received over $140 million in tariff refunds, equivalent to more than 95% of the tariffs it paid. After deducting that amount, operating profit was $124 million...…
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