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VICTORIA’S SECRET OWNER DISAPPOINTS STREET
LIMITED Brands, parent of the Victoria’s Secret lingerie store chain, posted a quarterly profit that topped Wall Street’s view but its shares fell after its forecast for the current quarter fell short of analysts’ expectations. The company reported first-quarter net profit of $124.6m, or 41 cents per share, and net sales slipped to $2.15bn from $2.22bn in the first quarter last year.