---
schema_version: "secwatch.filing_event.v1"
accession: "0001856437-22-000033"
form_type: "8-K"
ticker: "VSCO"
cik: "0001856437"
company_name: "Victoria's Secret & Co."
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:51:03.129163+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# VSCO Q3 EPS $0.29 beats high-end guidance; sales down 9% YoY; Q4 EPS view $2.00-$2.45

## Summary
- Q3 net income $24M ($0.29 diluted EPS) vs guidance range $0.00-$0.25; prior year Q3 $75M ($0.81).
- Q3 net sales $1.318B, -9% YoY; comparable sales -11%.
- Q4 guidance: net sales down high-single-digit; operating income $240M-$290M; diluted EPS $2.00-$2.45.
- Full year 2022 adjusted EPS outlook $4.50-$4.95; adjusted operating income $525M-$575M.
- Repurchased 1.2M shares for $43M in Q3; year-to-date $214M for 5.1M shares at avg $41.91.

## SEC filing metadata
- accession: 0001856437-22-000033
- form_type: 8-K
- ticker: VSCO
- cik: 0001856437
- company_name: Victoria's Secret & Co.
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856437/000185643722000033/0001856437-22-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856437/000185643722000033/vsco-20221130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856437-22-000033
- JSON: https://secwatch.observer/filing/0001856437-22-000033.json
- Plain text: https://secwatch.observer/filing/0001856437-22-000033.txt

## Key facts
- Earnings Releases
  Victoria's Secret & Co. reported full year 2022 results: EPS $4.50 to $4.95 per diluted share. Guidance reaffirmed.
  - Period: full year 2022
  - EPS: $4.50 to $4.95 per diluted share
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The Company is forecasting full year 2022 net sales to decrease 6% to 7% compared to last year’s full year net sales of $6.785 billion. At this forecasted level of sales, adjusted operating income is expected to be in the range of $525 million to $575 million, or approximately 8% to 9% of sales. Adjusted net income for the full year 2022 is estimated to be in the range of $4.50 to $4.95 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856437/000185643722000033/0001856437-22-000033-index.htm
- Earnings Releases
  Victoria's Secret & Co. reported the third quarter ended October 29, 2022 results: revenue net sales of $1.318 billion, net income net income of $24 million, EPS $0.29 per diluted share.
  - Period: the third quarter ended October 29, 2022
  - Revenue: net sales of $1.318 billion
  - Net income: net income of $24 million
  - EPS: $0.29 per diluted share
  - Result: reported results
  source text: The Company reported net income of $24 million, or $0.29 per diluted share for the third quarter of 2022, which was above the high-end of our previously communicated guidance range of $0.00 to $0.25 per diluted share. This result compares to net income of $75 million, or $0.81 per diluted share for the third quarter of 2021. Third quarter 2022 reported operating income was $43 million, which was above the high-end of our previously communicated guidance range of $10 million to $40 million. This result compares to operating income of $108 million in the third quarter of 2021. The Company reported net sales of $1.318 billion for the third quarter of 2022, a decrease of 9% compared to net sales of $1.441 billion in the prior year third quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856437/000185643722000033/0001856437-22-000033-index.htm
- Earnings Releases
  Victoria's Secret & Co. reported fourth quarter 2022 results: EPS $2.00 to $2.45 per diluted share. Guidance initiated.
  - Period: fourth quarter 2022
  - EPS: $2.00 to $2.45 per diluted share
  - Guidance: initiated
  - Result: guidance update
  source text: The Company is forecasting fourth quarter 2022 net sales to decrease in the high-single digit range compared to last year’s fourth quarter net sales of $2.175 billion. At this forecasted level of sales, operating income is expected to be in the range of $240 million to $290 million. Net income for the fourth quarter 2022 is estimated to be in the range of $2.00 to $2.45 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856437/000185643722000033/0001856437-22-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.