Victoria's Secret announces $250M accelerated share repurchase, reaffirms Q4 guidance

Victoria's Secret & Co.

Enters $250M accelerated share repurchase agreement with Goldman Sachs & Co. LLC.
Initial delivery of ~4.1M shares of common stock on December 31, 2021; final settlement expected in Q1 2022.
Reaffirms Q4 2021 guidance: sales flat to +3% versus $2.1B; operating income $295M-$335M; diluted EPS $2.35-$2.65.
CEO cites strong holiday performance and broad-based growth; first-ever share repurchase reflects confidence.
Board unanimously supported the buyback, emphasizing financial stability and cash flow strength.

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