Victoria's Secret Q1 sales up 15% to $1.56B, beats guidance; raises FY2026 outlook

Victoria's Secret & Co.

Q1 net sales $1.560B (+15% YoY), comps +13%; adjusted EPS $0.60 vs guidance $0.20-$0.30.
Adjusted operating income $80M, above guidance $32M-$42M, vs prior year $32M.
Raised FY2026 net sales guidance to $7.03B-$7.13B (from $6.85B-$6.95B), adj. op. income $550M-$580M (from $430M-$460M).
Repurchased 2.2M shares for $100M at avg $45.27; $150M remaining on $250M authorization.
Q2 guidance: net sales $1.590B-$1.615B; operating income $90M-$100M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Victoria's Secret & Co. reported First Quarter 2026 results: revenue $1.560 billion, net income $48 million, EPS $0.56 per diluted share.

Period: First Quarter 2026
Revenue: $1.560 billion
Net income: $48 million
EPS: $0.56 per diluted share
Result: reported results

Exact text from the filing

The Company reported net sales of $1.560 billion for the first quarter of 2026, an increase of 15% compared to net sales of $1.353 billion for the first quarter of 2025 and above the previously communicated guidance range of $1.490 billion to $1.525 billion. Total comparable sales for the first quarter of 2026 increased 13%. The Company reported operating income for the first quarter of 2026 of $76 million compared to operating income of $20 million in the first quarter of 2025. Net income was $48 million, or $0.56 per diluted share, for the first quarter of 2026 compared to net loss of $2 million, or $0.02 per diluted share, for the first quarter of 2025.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Victoria's Secret & Co. reported Second Quarter 2026 results: revenue $1.590 billion to $1.615 billion. Guidance initiated.

Period: Second Quarter 2026
Revenue: $1.590 billion to $1.615 billion
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company is forecasting net sales for the second quarter of 2026 to be in the range of $1.590 billion to $1.615 billion compared to net sales of $1.459 billion for the second quarter of 2025. At this forecasted level of net sales, operating income for the second quarter of 2026 is expected to be in the range of $90 million to $100 million compared to adjusted operating income of $55 million for the second quarter of 2025.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Victoria's Secret & Co. reported Fiscal Year 2026 results: revenue $7.030 billion to $7.130 billion. Guidance raised.

Period: Fiscal Year 2026
Revenue: $7.030 billion to $7.130 billion
Guidance: raised
Result: guidance update

Exact text from the filing

The Company is now forecasting fiscal year 2026 net sales to be in the range of $7.030 billion to $7.130 billion, an increase compared to the previously communicated guidance range of $6.850 billion to $6.950 billion, and compared to net sales of $6.553 billion in fiscal year 2025. At this forecasted level of net sales, the Company is now forecasting adjusted operating income for fiscal year 2026 to be in the range of $550 million to $580 million, an increase compared to previously communicated guidance range of $430 million to $460 million, and compared to fiscal year 2025 adjusted operating income of $403 million.

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Source: SEC EDGAR

accession 0001856437-26-000011

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