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    Juliana Sanna

    Research Analyst at Wells Fargo

    Juliana Sanna is an Equity Research Analyst at Wells Fargo Securities, specializing in Latin American financial institutions and banks. She covers major companies such as Banco Bradesco, Itaú Unibanco, and Banco Santander Brasil, and has been recognized for her in-depth analysis and informed recommendations for institutional investors. Juliana began her research career at Goldman Sachs before joining Wells Fargo in 2021, building a strong track record for accurate earnings forecasts and insightful sector commentary. She is a FINRA-registered representative with Series 7 and 63 licenses, and is noted for generating positive returns on her investment ideas and high engagement with investor clients.

    Juliana Sanna's questions to Victoria's Secret & (VSCO) leadership

    Juliana Sanna's questions to Victoria's Secret & (VSCO) leadership • Q4 2025

    Question

    Juliana Sanna, on for Ike Boruchow, requested more detail on the performance of the international business, including the drivers of the shift from Q3 to Q4 and growth expectations for 2025.

    Answer

    Executive Kevin Wynk reported a successful Q4 for the international business, with double-digit retail sales growth across all markets, driven by franchise partners, travel retail, and joint ventures in the UK and China. He noted new country openings and highlighted the future benefit of a new European distribution center. CFO Scott Sekella added that beyond new store growth, the international business is also delivering mid-single-digit comparable sales growth.

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