Just caught that Victoria's Secret stock was pulling back hard today despite beating earnings on both revenue and profit. The company reported $2.27B in revenue versus expectations of $2.23B, and EPS came in at $2.77 compared to the $2.53 consensus. So why the selloff? Margins got squeezed - that's the thing that spooked traders. The stock had already run up over 100% in the past year, so maybe people just took profits after the earnings surprise. Comparable sales jumped 8% which is solid for retail, and CEO Hilary Super called it an exceptional quarter. For Q1 they're guiding $1.49B-$1.525B in revenue, which beats the $1.42B consensus. Full year guidance is $6.85B-$6.95B, up 6% year-over-year. The pullback looks like classic overbought conditions to me - strong fundamentals but investors already priced in too much upside. Stock's now trading at 24x earnings, which is pricey for apparel. Worth keeping on the watchlist though since the company seems to be in solid shape heading into 2026.