Victoria's Secret & Co. shareholders approved To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2026. at the 2026-06-11 meeting.
“Proposal 3. To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2026. For Against Abstain Broker Non-Votes 66,826,966 80,677 52,535 —”
Shareholder Votes
Victoria's Secret & Co. shareholders approved To approve, on an advisory basis, the compensation of the Company’s named executive officers. at the 2026-06-11 meeting.
“Proposal 2. To approve, on an advisory basis, the compensation of the Company’s named executive officers. For Against Abstain Broker Non-Votes 54,394,913 11,238,067 170,768 1,156,430”
Shareholder Votes
Victoria's Secret & Co. shareholders approved To elect nine directors to serve until the 2027 annual meeting of stockholders. at the 2026-06-11 meeting.
“Proposal 1. To elect nine directors to serve until the 2027 annual meeting of stockholders. Nominee For Against Abstain Broker Non-Votes Irene Chang Britt 53,480,291 12,280,118 43,133 1,156,636 Sarah Davis 53,673,438 12,073,656 56,448 1,156,636 Jacqueline Hernández 53,655,064 12,093,840 54,638 1,156,636 Donna James 54,925,752 10,800,993 76,797 1,156,636 Rod Little 53,666,926 12,070,609 66,007 1,156,636 David McCreight 55,339,716 10,414,746 49,080 1,156,636 Lauren Peters 53,622,036 12,132,154 49,352 1,156,636 Anne Sheehan 53,665,445 12,093,043 45,054 1,156,636 Hillary Super 64,009,383 1,756,492 37,667 1,156,636”
Earnings Releases
Victoria's Secret & Co. reported Fiscal Year 2026 results: revenue $7.030 billion to $7.130 billion. Guidance raised.
“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.”
Earnings Releases
Victoria's Secret & Co. reported Second Quarter 2026 results: revenue $1.590 billion to $1.615 billion. Guidance initiated.
“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.”
Earnings Releases
Victoria's Secret & Co. reported First Quarter 2026 results: revenue $1.560 billion, net income $48 million, EPS $0.56 per diluted share.
“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.”
Mariam Naficy departed as Director at Victoria's Secret & Co..
“On May 10, 2026, Mariam Naficy notified the Board of Directors (the “Board”) of Victoria’s Secret & Co. (the “Company”) of her decision to not stand for re-election at the Company’s 2026 Annual Meeting of Stockholders scheduled for June 11, 2026 (the “Annual Meeting”).”
Earnings Releases
Victoria's Secret & Co. updated its fiscal year 2026 guidance (initiated).
“The Company is forecasting fiscal year 2026 net sales to be in the range of $6.850 billion to $6.950 billion compared to net sales of $6.553 billion in fiscal year 2025.”
Earnings Releases
Victoria's Secret & Co. updated its first quarter of 2026 guidance (initiated).
“The Company is forecasting net sales for the first quarter of 2026 to be in the range of $1.490 billion to $1.525 billion compared to net sales of $1.353 billion for the first quarter of 2025.”
Earnings Releases
Victoria's Secret & Co. reported full fiscal year ended January 31, 2026 results: revenue $6.553 billion, net income $161 million, or $1.93 per diluted share, EPS $1.93 per diluted share.
“The Company reported net sales of $6.553 billion for fiscal year 2025, an increase of 5% compared to net sales of $6.230 billion for fiscal year 2024 and above our previously communicated guidance range of $6.450 billion to $6.480 billion.”
Earnings Releases
Victoria's Secret & Co. reported the fourth quarter and fiscal year ended January 31, 2026 results: revenue $2.270 billion, net income $184 million, or $2.14 per diluted share, EPS $2.14 per diluted share.
“The Company reported net sales of $2.270 billion for the fourth quarter of 2025, an increase of 8% compared to net sales of $2.106 billion for the fourth quarter of 2024 and above our previously communicated guidance range of $2.170 billion to $2.200 billion.”
Debt Financings
Victoria's Secret & Co. amended revolving credit with JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent and the lenders party thereto at in the case of loans bearing interest based on term SOFR or term CORRA, to 1.50% maturing the earlier of (a) five years after the closing date of the Amendment and (b) the date that is 91 days prior to the scheduled maturity date of certain outstandi.
“On May 21, 2025, Victoria’s Secret & Co. (the “Company”) entered into that certain Amendment No. 2 (the “Amendment”) by and among the Company, JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent (collectively the “Agent”) and the lenders party thereto, which amends that certain Revolving Credit Agreement dated as of August 2, 2021 by and among the Company, the Agent and the lenders party thereto (as amended, the “Credit Agreement”), which Credit Agreement provides for a senior secured asset-based revolving credit facility (the “ABL Facility”). The Amendment, among other things, (1) extends the maturity date of the Credit Agreement to the earlier of (a) five years after the closing date of the Amendment and (b) the date that is 91 days prior to the scheduled maturity date of certain outstanding material indebtedness with a principal balance exceeding $50 million to the extent that certain availability and financial covenant thresholds are not met on such date, (2) pr”
Governance Changes
Victoria's Secret & Co.: Filed Certificate of Designations of Series A Preferred Stock with the Delaware Secretary of State in connection with the adoption of a Rights Agreement (effective 2025-05-20).
“In connection with the adoption of the Rights Agreement, on May 20, 2025, the Company filed a Certificate of Designations of Series A Preferred Stock with the Secretary of State of the State of Delaware.”
Timothy Johnson retired as Chief Financial and Administrative Officer at Victoria's Secret & Co..
“In connection with the appointment of Mr. Sekella, Timothy Johnson announced his planned retirement and, effective as of January 28, 2025, stepped down from his role as Chief Financial and Administrative Officer of the Company.”
Scott Sekella was appointed as Chief Financial Officer at Victoria's Secret & Co..
“On January 28, 2025, the Board of Directors (the “Board”) of Victoria’s Secret & Co. (the “Company”) appointed Scott Sekella as Chief Financial Officer (“CFO”) of the Company, effective as of January 29, 2025.”
Christine Rupp departed as Chief Customer Officer at Victoria's Secret & Co..
“Christine Rupp departed her position as Chief Customer Officer of the Company”
Greg Unis departed as Brand President at Victoria's Secret & Co..
“Greg Unis departed his position as Brand President of the Company”
Timothy Johnson was appointed as Interim Chief Executive Officer at Victoria's Secret & Co..
“the Board appointed Timothy Johnson, the Company’s Chief Financial and Administrative Officer, to serve as Interim CEO of the Company, effective as of August 14, 2024”
Hillary Super was appointed as Director at Victoria's Secret & Co..
“Ms. Super was also appointed as a member of the Board, effective as of September 9, 2024”
Hillary Super was appointed as Chief Executive Officer at Victoria's Secret & Co..
“the Board appointed Hillary Super as CEO, effective as of September 9, 2024, to succeed Mr. Waters.”
Martin Waters resigned as Director at Victoria's Secret & Co..
“Effective as of August 12, 2024, Mr. Waters resigned from the Board.”
Martin Waters was terminated as Chief Executive Officer at Victoria's Secret & Co..
“the Board of Directors of the Company (the “Board”) terminated Martin Waters as Chief Executive Officer (“CEO”) of the Company, effective as of August 13, 2024.”
Earnings Releases
Victoria's Secret & Co. updated its first quarter 2024 ended May 4, 2024 guidance (reaffirmed).
“Victoria’s Secret & Co. Provides First Quarter 2024 Preliminary Results Sales, adjusted operating income, adjusted EPS at the high end or above guidance Reaffirms fiscal 2024 sales and adjusted operating income guidance”
Earnings Releases
Victoria's Secret & Co. reported for the 14-week fourth quarter of 2023 results: net income net income of $181 million, or $2.29 per diluted share.
“The Company reported net income of $181 million, or $2.29 per diluted share for the 14-week fourth quarter of 2023.”
Earnings Releases
Victoria's Secret & Co. reported third quarter ended October 28, 2023 results: revenue $1.265 billion, net income net loss of $71 million, EPS $0.92 per diluted share.
“of $45 million to $65 million. Third quarter 2022 net income was $24 million, or $0.29 per diluted share, and operating income was $43 million. The Company reported net sales of $1.265 billion for the third quarter of 2023, a decrease of 4% compared to net sales of $1.318 billion in the prior year third quarter and at the midpoint of our previously communicated”
Earnings Releases
Victoria's Secret & Co. reported the second quarter of 2023 results: revenue $1.427 billion, net income $1 million, EPS $0.02 per diluted share.
“million. Second quarter 2022 adjusted net income was $92 million, or $1.09 per diluted share, and adjusted operating income was $127 million. The Company reported net sales of $1.427 billion for the second quarter of 2023, a decrease of 6% compared to net sales of $1.521 billion in the prior year second quarter. Total comparable sales for the second quarter of 2023”
Rod R. Little was appointed as Director at Victoria's Secret & Co..
“On August 29, 2023, the Board of Directors (the “Board”) of Victoria’s Secret & Co. increased the size of the Board from eight to nine directors and appointed Rod R. Little to fill the resulting vacancy, effective immediately, to hold office until his successor shall have been duly elected and qualified or until his earlier death, resignation or removal.”
Gregory Unis changed role as Brand President at Victoria's Secret & Co..
“promotion of Gregory Unis to the position of Brand President of Victoria’s Secret & Co.”
Earnings Releases
Victoria's Secret & Co. reported the first quarter ended April 29, 2023 results: revenue $1.407 billion, net income $1 million, or $0.01 per diluted share.
“The Company reported net income of $1 million, or $0.01 per diluted share for the first quarter of 2023. This result compares to net income of $81 million, or $0.93 per diluted share for the first quarter of 2022. First quarter 2023 operating income was $28 million compared to operating income of $94 million in the first quarter of 2022. Excluding the impact of the items described at the conclusion of this press release, first quarter 2023 adjusted net income was $22 million, or $0.28 per diluted share, and adjusted operating income was $55 million, compared to adjusted net income of $97 million, or $1.11 per diluted share, and adjusted operating income of $116 million in the first quarter of 2022. The Company reported net sales of $1.407 billion for the first quarter of 2023, a decrease of 5% compared to net sales of $1.484 billion in the prior year first quarter. Total comparable sales for the first quarter of 2023 decreased 11% compared to the first quarter of 2022. Adjusted net inc”
Shareholder Votes
Victoria's Secret & Co. shareholders approved To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2023 at the 2023-05-25 meeting.
“Proposal 3. To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2023. For Against Abstain Broker Non-Votes 70,638,887 111,818 51,359 —”
Shareholder Votes
Victoria's Secret & Co. shareholders approved To approve, on an advisory basis, the compensation of the Company’s named executive officers at the 2023-05-25 meeting.
“Proposal 2. To approve, on an advisory basis, the compensation of the Company’s named executive officers. For Against Abstain Broker Non-Votes 50,419,946 9,177,123 84,210 11,120,785”
Shareholder Votes
Victoria's Secret & Co. shareholders approved To elect eight directors to serve until the 2024 annual meeting of stockholders at the 2023-05-25 meeting.
“Proposal 1. To elect eight directors to serve until the 2024 annual meeting of stockholders. Nominee For Against Abstain Broker Non-Votes Irene Chang Britt 51,410,997 8,108,361 161,921 11,120,785 Sarah Davis 59,021,163 499,323 160,793 11,120,785 Jacqueline Hernández 51,290,272 8,229,220 161,787 11,120,785 Donna James 58,492,670 1,027,795 160,814 11,120,785 Mariam Naficy 51,349,268 8,169,821 162,190 11,120,785 Lauren Peters 59,117,220 403,298 160,761 11,120,785 Anne Sheehan 58,338,513 1,181,540 161,226 11,120,785 Martin Waters 59,195,235 350,940 135,104 11,120,785”
Earnings Releases
Victoria's Secret & Co. reported fourth quarter of 2022 results: revenue $2.021 billion, net income $173 million, EPS $2.10 per diluted share. Guidance initiated.
“recent guidance range of adjusted net income of $2.25 to $2.35 per diluted share and adjusted operating income of $265 million to $275 million. The Company reported net sales of $2.021 billion for the fourth quarter of 2022, a decrease of 7% compared to net sales of $2.175 billion in the prior year fourth quarter. This result was in-line with our most recent guidance”
M&A Transactions
Victoria's Secret & Co. completed an acquisition involving Adore Me, Inc. for approximately $400.0 million in cash (closed 2022-12-30).
“for the Adore Me equityholders. Pursuant to the Merger Agreement, the Company acquired all of the equity interests of Adore Me for an aggregate purchase price of approximately $400.0 million in cash, on a cash-free, debt-free basis, subject to customary post-closing adjustments contemplated by the Merger Agreement. The Merger Agreement also provides for post-closing”
Martin Waters changed role as Brand CEO at Victoria's Secret & Co..
“Following Ms. Hauk’s departure, Martin Waters will continue to serve as CEO of the Company and will also assume the responsibilities of Brand CEO.”
Amy Hauk resigned as Brand CEO at Victoria's Secret & Co..
“On December 27, 2022, Amy Hauk notified the Company of her decision to resign as Brand CEO, effective March 31, 2023.”
Earnings Releases
Victoria's Secret & Co. reported full year 2022 results: EPS $4.50 to $4.95 per diluted share. Guidance reaffirmed.
“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.”
Earnings Releases
Victoria's Secret & Co. reported fourth quarter 2022 results: EPS $2.00 to $2.45 per diluted share. Guidance initiated.
“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.”
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.
“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.”
Material Agreements
Victoria's Secret & Co. entered into Agreement and Plan of Merger with Adore Me, Inc. valued at $400.0 million (effective 2022-11-01).
“On November 1, 2022, Victoria’s Secret & Co. (the “ Company ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), by and among the Company, Fashion Holding Group, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“ Merger Sub ”), AdoreMe, Inc., a Delaware corporation (“ Adore Me ”), and Fortis Advisors LLC, a Delaware limited liability company, solely in its capacity as representative for the Adore Me equityholders”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.