Earnings summaries and quarterly performance for Victoria's Secret &.
Executive leadership at Victoria's Secret &.
Board of directors at Victoria's Secret &.
Research analysts who have asked questions during Victoria's Secret & earnings calls.
BR
Brooke Roach
Goldman Sachs Group, Inc.
6 questions for VSCO
Also covers: , AS, BURL +23 more
MB
Matthew Boss
JPMorgan Chase & Co.
5 questions for VSCO
Also covers: , AEO, ANF +38 more
AY
Adrienne Yih-Tennant
Barclays
4 questions for VSCO
Also covers: AEO, ANF, BBWI +18 more
Alex Straton
Morgan Stanley
4 questions for VSCO
Also covers: AEO, ANF, AS +17 more
Dana Telsey
Telsey Advisory Group
4 questions for VSCO
Also covers: , AEO, AKA +44 more
MS
Marni Shapiro
The Retail Tracker
4 questions for VSCO
Also covers: AEO, ANF, BBWI +10 more
Simeon Siegel
BMO Capital Markets
4 questions for VSCO
Also covers: AEO, BBWI, BIRK +16 more
Corey Tarlowe
Jefferies
3 questions for VSCO
Also covers: AEO, ANF, BOOT +14 more
JK
Jonna Kim
TD Cowen
3 questions for VSCO
Also covers: AEO, AKA, BBWI +5 more
JK
Jungwon Kim
BTIG, LLC
3 questions for VSCO
Also covers: BBWI, BTMD, JILL +2 more
MS
Mauricio Serna
UBS Group AG
3 questions for VSCO
Also covers: ANF, BKE, COLM +7 more
MS
Mauricio Serna Vega
UBS
3 questions for VSCO
Also covers: ANF, BKE, COLM +8 more
IB
Ike Boruchow
Wells Fargo
2 questions for VSCO
Also covers: AS, BBWI, BURL +18 more
IB
Irwin Boruchow
Wells Fargo Securities
2 questions for VSCO
Also covers: , BBWI, BURL +18 more
Janet Kloppenburg
JJK Research
1 question for VSCO
Also covers: AEO, ANF, M +2 more
JS
Juliana Sanna
Wells Fargo
1 question for VSCO
Lorraine Hutchinson
Bank of America
1 question for VSCO
Also covers: AS, BBWI, BIRK +18 more
Recent press releases and 8-K filings for VSCO.
Victoria's Secret & Co. Reports Strong Q3 2026 Results and Raises Full-Year Outlook
VSCO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Victoria's Secret & Co. reported Q3 2026 net sales of $1.472 billion, an increase of 9% over last year, with comparable sales growth of 8%, significantly exceeding expectations.
- The company achieved a break-even adjusted operating income in Q3 2026, compared to a $28 million loss in the prior year, and an adjusted net loss per share of $0.27, which was better than guidance.
- Management raised its full-year FY 2025 net sales outlook to a range of $6.45 billion-$6.48 billion, anticipating approximately 4% growth compared to FY 2024 (excluding a gift card breakage benefit).
- Performance was driven by strong growth in the Victoria's Secret Bra business, which saw a mid-single digit increase in Q3, and double-digit sales growth in PINK, leading to market share gains in the U.S. intimates market.
Dec 5, 2025, 1:30 PM
Victoria's Secret & Co. Announces Q3 2025 Results and Raises Full-Year 2025 Guidance
VSCO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Victoria's Secret & Co. (VSCO) reported net sales of $1,471.5 million for the third quarter ended November 1, 2025, marking a 9% increase compared to the prior year.
- The company's Adjusted Operating Income was $0.0 million in Q3 2025, exceeding its guidance for an Adjusted Operating Loss of ($35 million) – ($55 million).
- Adjusted EPS for Q3 2025 was ($0.27), which was better than the company's guidance of ($0.55) – ($0.75).
- VSCO raised its full-year 2025 outlook, now projecting net sales of approximately $6.450 billion to $6.480 billion and Adjusted Net Income Per Diluted Share of approximately $2.40 to $2.65.
Dec 5, 2025, 1:30 PM
Victoria's Secret & Co. Reports Strong Q3 2026 Results and Raises Full-Year Outlook
VSCO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Victoria's Secret & Co. (VSCO) delivered standout third-quarter results for Q3 2026, with net sales of $1.47 billion, a 9% increase versus last year, and adjusted earnings growth of 45%. The company also achieved an adjusted gross margin rate of 36.5%, which was 170 basis points above last year.
- The company's intimates business returned to growth, up mid-single digits, resulting in a gain of over 1% share in the U.S. intimates market. International sales grew over 30% during the quarter, driven by exceptional performance in China.
- Customer acquisition was a key focus, leading to the total customer file growing for the first time this year, primarily from an increase in new customers. The Victoria's Secret fashion show contributed to double-digit growth in new and reactivated customers.
- VSCO is raising its full-year outlook for fiscal year 2025, now forecasting net sales in the range of $6.45 billion-$6.48 billion. For Q4 2025, the company expects adjusted earnings per diluted share to be in the range of $2.20-$2.45.
- The company ended Q3 2026 with a strong liquidity position, including a cash balance of $249 million, and expects to fully pay off the outstanding balance under its $750 million ABL credit facility in Q4.
Dec 5, 2025, 1:30 PM
VSCO Reports Strong Q3 2026 Results and Raises Full-Year 2025 Guidance
VSCO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- VSCO delivered standout third-quarter 2026 results, with net sales of $1.47 billion, an increase of 9% versus last year, and an adjusted net loss per share of $0.27, significantly better than guidance.
- The company's intimates business returned to growth, up mid-single digits, and it gained over 1% share in the U.S. intimates market, driven by broad-based outperformance across Victoria's Secret, PINK, and Beauty brands.
- VSCO raised its full-year fiscal 2025 outlook, now forecasting net sales in the range of $6.45 billion-$6.48 billion and adjusted net income per diluted share between $2.40-$2.65.
- Customer acquisition efforts resulted in growth in the total customer file, particularly among new customers, with a focus on 18-24-year-olds and higher average unit retail (AUR) purchases.
Dec 5, 2025, 1:30 PM
Victoria's Secret & Co. Reports Strong Q3 2025 Results and Raises Full Year Guidance
VSCO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Victoria's Secret & Co. delivered net sales of $1.472 billion for the third quarter of 2025, marking a 9% increase over the prior year and exceeding expectations.
- The company reported an adjusted operating income of breakeven at $0 million for Q3 2025, which was better than the previously communicated guidance range of an adjusted operating loss of $35 million to $55 million.
- Adjusted net loss per diluted share for the third quarter of 2025 was $0.27, outperforming the prior guidance range of $0.55 to $0.75 adjusted net loss per diluted share.
- VS&Co raised its full-year 2025 net sales outlook to a range of $6.450 billion to $6.480 billion and its adjusted net income per diluted share guidance to $2.40 to $2.65.
Dec 5, 2025, 12:01 PM
Victoria's Secret Reports Strong Q3 Results, Raises Full-Year Outlook
VSCO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Victoria's Secret reported strong third-quarter net sales of $1.47 billion, a 9% increase, marking its highest quarterly sales growth in over four years.
- The company's comparable sales from stores and digital channels increased by 8%, and the adjusted gross margin expanded by 170 basis points due to reduced promotional activity.
- The quarterly loss narrowed significantly to $37.3 million, and adjusted operating income reached breakeven, a significant improvement from an operating loss of $28 million in the same quarter last year.
- Victoria's Secret raised its full-year revenue forecast to between $6.45 billion and $6.48 billion and increased its adjusted earnings per share guidance to $2.40–$2.65.
- The company projects fourth-quarter revenue between $2.17 billion and $2.2 billion, with adjusted earnings per share expected to be between $2.20 and $2.45.
Dec 5, 2025, 4:11 AM
Victoria's Secret Exceeds Q2 2026 Guidance and Raises Full-Year Sales Outlook
VSCO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Victoria's Secret (VSCO) exceeded its Q2 2026 guidance, reporting net sales of $1,459 million (up 3%) and comp sales up 4% year-over-year, with adjusted gross margin at 35.6% and adjusted operating income of $55 million.
- The company raised its full-year fiscal 2025 net sales outlook to a range of $6.33 billion to $6.41 billion. Despite an estimated $50 million increase in net tariff pressure, the adjusted operating income guidance of $270 million to $320 million and adjusted net income per diluted share guidance of $1.80 to $2.20 were maintained, reflecting strong business momentum and mitigation efforts.
- Broad-based growth was observed across segments, with international sales up 22%, beauty sales up mid-single digits for the eighth consecutive quarter, and PINK sales up low single digits. Strategic initiatives, including supercharging bra authority and recommitting to PINK, are yielding positive results, with momentum continuing into August.
Aug 29, 2025, 3:56 AM
Victoria's Secret (VSCO) Details Omnichannel, AI, and Loyalty Program Strategies
VSCO
New Projects/Investments
Revenue Acceleration/Inflection
- Victoria's Secret (VSCO) is implementing an omnichannel strategy to provide customer convenience, integrating online and offline experiences, including a dedicated app designed for its best customers.
- The company is actively leveraging AI and generative AI to enhance both customer and associate experiences, such as using visual search for bras and an "Ask Victoria" AI tool to assist in-store sales associates with complex product assortments.
- A significant initiative is the launch of a loyalty program in June, which had already attracted over 24 million members within six months of its launch, as of the document's publication date.
- Victoria's Secret aims to bring a more conversational and personal element to the digital shopping experience, similar to in-store interactions, to improve conversion rates and offer tailored product solutions.
Jan 15, 2024, 3:15 PM
Quarterly earnings call transcripts for Victoria's Secret &.
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