Shares up 16% premarket (Il Sole 24 Ore Radiocor) - New York, 14 Aug - Shares in Victoria's Secret surged in premarket trading after the lingerie retailer picked Hillary Super as its new CEO, as of September 9, and raised its second quarter outlook.

'VS&Co welcomes Hillary as our new CEO to power the business' next chapter and deliver the foremost tenet of our transformation strategy: accelerating growth in our core business in North America," said Chair of the Board Donna James.

In preliminary results, the retailer said it expected adjusted diluted earnings per share to be 0.34-0.39 dollars compared to a previous guidance of 0.05-0.20.

'We are pleased to share our preliminary results for the second quarter, which we expect to meet or exceed our previously communicated guidance and current street estimates," said CFO Timothy Johnson.

"We were encouraged by the continued sequential improvement in quarterly sales results in North America for the fourth consecutive quarter, as sales trends improved in both our stores and digital channels." Victoria's Secret shares were up 16% shortly before market open.

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(RADIOCOR) 14-08-24 15:24:07 (0366) 5 NNNN