Victoria's Secret names Scott Sekella CFO, updates Q4 guidance

Victoria’s Secret & Co. has appointed Scott Sekella as its new Chief Financial Officer, taking over from Timothy Johnson, who will retire in June 2025. Sekella, previously CFO at Joann and with experience at Under Armour and Crocs, is expected to help drive the company's next phase of growth. The company raised its fourth-quarter outlook, forecasting sales growth of 3% to 4% and adjusted operating income between $260 million and $270 million, reflecting strong holiday sales across its stores and digital channels. Despite this positive outlook, shares of Victoria's Secret fell by about 6% following the announcement of the CFO transition. CEO Hillary Super noted the importance of Sekella's retail expertise and the company's strong performance in North America and international markets. Victoria's Secret plans to provide more details on its fourth-quarter results and future expectations during its upcoming earnings call in March.