Victoria’s Secret Forecasts Its Best Year Since L Brands Split

Victoria’s Secret & Co. is projecting a more robust year ahead than Wall Street was expecting, with the lingerie retailer expecting revenue to climb to the highest since it split from L Brands Inc. and became an independent company.

Net sales should rise to at least $6.85 billion in the current fiscal year, the company said Thursday. That exceeds the $6.77 billion average estimate among analysts surveyed by Bloomberg and would be the highest in seven years.