Victoria's Secret & Co. Reports Strong Q2 Earnings, Exceeding Guidance
Victoria's Secret & Co. (NYSE:VSXY) reported second-quarter results that exceeded its guidance, driven by strong performance across key product categories and improved profitability. Net sales rose 10% year-over-year to $1.611 billion with a 9% increase in comparable sales. Adjusted operating income surged 125% to $124 million, surpassing the guided range of $90–$100 million, while adjusted diluted EPS nearly tripled to $0.95 from $0.33 last year. The company attributed its success to strong sales in bras, PINK and Beauty segments, with higher regular-price selling reducing promotional activity and expanding gross margins by 320 basis points to 38.8%. CEO Hillary Super highlighted the fifth consecutive quarter of growth for both Victoria's Secret and PINK brands. Victoria’s management raised its fiscal 2026 outlook, now expecting sales between $7.1 billion and $7.18 billion, adjusted operating income from $560 million to $590 million, and adjusted diluted EPS in the range of $4.45–$4.70.
Tickers: $VSCO