Victoria's Secret & Co. (VSCO) shares fell over 12% on Thursday after the company issued a third-quarter profit outlook that missed Wall Street expectations, overshadowing better-than-expected second-quarter earnings and an upward revision to its full-year guidance. The company reported second-quarter revenue of $1.61 billion, a 10% year-over-year increase, and adjusted earnings per share of $0.95, significantly above the anticipated $0.77. However, its third-quarter operating profit is projected to be only $10 million to $20 million, falling short of market consensus. The company simultaneously raised its full-year revenue guidance to between $7.10 billion and $7.18 billion. Jefferies analysts noted that despite solid performance, much of the improvement had already been priced into the stock.