Updates

** Shares of Victoria's Secret VSXY.N surge as much as 49.5% to a record high of $81.20

** Stock set for best day on record, if gains hold

** Co raises annual sales and profit forecasts, betting on strong demand for its brands including Victoria's Secret, PINK, and Beauty

** Expects annual net sales in the range of $7.03 billion to $7.13 billion vs previous forecast of $6.85 billion to $6.95 billion

** Sees annual adjusted operating income between $550 million and $580 million vs previous range of $430 million to $460 million

** Reports Q1 net sales of $1.56 billion vs analysts' estimate of $1.52 billion- data compiled by LSEG

** Logs Q1 adjusted EPS of 60 cents vs estimates of 30 cents