earnings
confidence high
sentiment positive
materiality 0.85
Victoria's Secret Q2 sales +10% to $1.61B, EPS $2.18; raises FY guidance
Victoria's Secret & Co.
- Net sales $1.611B, +10% YoY; comparable sales +9%; near high-end of guidance.
- Reported operating income $257M vs $41M; net income $183M ($2.18 EPS) vs $16M ($0.20).
- Adjusted operating income $124M, above guidance $90-100M; adjusted EPS $0.95 vs $0.33.
- Received IEEPA tariff refunds over $140M (>95% of tariffs paid), excluded from adjusted results.
- Raises FY26 net sales guidance to $7.10-7.18B and adjusted operating income to $560-590M.