Wall Street Lunch: Victoria's Secret Adopts Poison Pill

2025-05-20 12:48:00 ET

Summary

• Victoria's Secret adopted a poison pill to prevent BBRC from gaining control without paying a premium, citing undervaluation and retail sector volatility.
• Levi Strauss is selling Dockers to Authentic Brands for up to $391M, aligning with its focus on direct-to-consumer and international growth strategies.
• Home Depot reported Q1 revenue growth but missed comp sales expectations; it guides for modest FY25 sales growth and a slight EPS decline, with no price hikes planned.
• J.P. Morgan remains tactically bullish on the S&P 500, expecting new highs, but warns of risks from Nvidia earnings or negative trade news.

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The lingerie company’s board acts as an Australian company rapidly buys up shares. (0:15) The end of Business Casual is nigh. (1;25) Home Depot U.S. comps impress. (2;39) ...

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