Victoria's Secret narrows Q3 adjusted loss guidance; reaffirms FY2023 outlook

Victoria's Secret & Co.

Q3 adjusted operating loss now $45M-$65M (prior $45M-$75M); adjusted EPS loss $0.70-$0.90 (prior $0.70-$1.00).
Q3 net sales decline 3-5% vs prior low- to mid-single digit; full year net sales decline low-single digit reaffirmed.
FY2023 adjusted operating income rate reaffirmed at 5-6% of net sales; strategic plan presented at investor meeting.
International sales ahead of plan; North America trends improving month over month; Adore Me acquisition providing synergies.

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