The Ratings Game: Victoria’s Secret plans to spend $150 million to manage supply chain problems that could suppress sales growth

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Victoria’s Secret & Co. warns that the cost of managing supply chain challenges could reach $150 million for the combined third and fourth quarters, and even with the extra spend, sales could suffer.

Victoria’s Secret VSCO shares soared nearly 17% in Thursday trading after the underwear and apparel seller reported third-quarter profit that beat expectations, though revenue fell just short.