Victoria's Secret soars after annual forecasts raise on strong demand

Shares of lingerie maker Victoria's Secret VSCO.N up about 12% at $46.50 premarket

Co raises annual sales and profit forecast, betting on strong demand for its curated product assortment of iconic brands including Victoria's Secret and PINK

Now expects annual net sales of $6.45 billion to $6.48 billion vs. prior guidance of $6.33 billion to $6.41 billion

Also sees annual adjusted EPS in the range of $2.40 to $2.65 vs. prior guidance of $1.80 to $2.20

Co reports Q3 net sales rises 9% at $1.47 billion vs. estimates of $1.41 billion - as per data compiled by LSEG

Up to last close, stock up ~53% QTD