Juliana Sanna's questions to Victoria's Secret & Co (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.