Victoria’s Secret & Co. (NYSE:VSXY) Posts Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Posted by Brian Himes on Jun 4th, 2026

Victoria’s Secret & Co. (NYSE:VSXY – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.29 by $0.31, FiscalAI reports. Victoria’s Secret & Co. had a return on equity of 38.95% and a net margin of 3.11%.The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business posted $0.09 EPS.

Here are the key takeaways from Victoria’s Secret & Co.’s conference call:

Victoria’s Secret & Co. posted a very strong Q1, with net sales up 15%, comparable sales up 13%, adjusted operating income up 153% to $80 million, and adjusted EPS rising to $0.60, all above guidance.
Broad-based brand momentum continued across Victoria’s Secret, PINK, and Beauty, each delivering double-digit sales growth, while the company saw strong new-customer acquisition, file growth, and gains in intimates market share.
Management said the promo detox is working, with higher regular-price selling and mid-single-digit AUR growth helping drive gross margin expansion despite tariff pressure. The company suggested there is still room for further margin improvement as promotions are reduced over time.
The 2026 outlook was raised materially, with full-year net sales now expected at $7.03 billion-$7.13 billion, adjusted operating income at $550 million-$580 million, and adjusted EPS at $4.35-$4.60, reflecting both stronger business trends and more favorable tariff assumptions.
International, especially China, remained a major growth driver, with reported international sales up 45% in Q1 and management saying the business still has meaningful long-term runway, though it is navigating tariff uncertainty and a disruptive shareholder campaign.

Victoria’s Secret & Co. Stock Performance

NYSE VSXY opened at $78.45 on Thursday. The stock has a 50-day simple moving average of $50.41 and a two-hundred day simple moving average of $52.33. The firm has a market capitalization of $6.23 billion, a P/E ratio of 42.18, a PEG ratio of 1.38 and a beta of 2.16. Victoria’s Secret & Co. has a fifty-two week low of $17.53 and a fifty-two week high of $81.28. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.54 and a current ratio of 1.25.

Analyst Ratings Changes

Several analysts have recently commented on VSXY shares. Telsey Advisory Group increased their price objective on Victoria’s Secret & Co. from $71.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Wall Street Zen lowered Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 5th. Bank of America upgraded Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $58.00 to $68.00 in a research note on Wednesday, April 29th. TD Cowen reduced their target price on Victoria’s Secret & Co. from $60.00 to $58.00 and set a “hold” rating for the company in a research note on Friday, March 6th. Finally, Zacks Research upgraded Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.10.

Check Out Our Latest Research Report on Victoria’s Secret & Co.

Insider Transactions at Victoria’s Secret & Co.

In related news, Director Anne Sheehan acquired 4,842 shares of Victoria’s Secret & Co. stock in a transaction on Thursday, April 2nd. The stock was acquired at an average price of $45.86 per share, for a total transaction of $222,054.12. Following the purchase, the director owned 34,261 shares of the company’s stock, valued at approximately $1,571,209.46. This represents a 16.46% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Donna James acquired 2,175 shares of Victoria’s Secret & Co. stock in a transaction on Thursday, April 2nd. The shares were bought at an average price of $46.23 per share, with a total value of $100,550.25. Following the purchase, the director directly owned 63,097 shares in the company, valued at approximately $2,916,974.31. The trade was a 3.57% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of institutional investors have recently modified their holdings of VSXY. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Victoria’s Secret & Co. during the 4th quarter valued at about $87,786,000. Marshall Wace LLP grew its position in shares of Victoria’s Secret & Co. by 301.4% during the 4th quarter. Marshall Wace LLP now owns 1,792,727 shares of the company’s stock valued at $97,112,000 after acquiring an additional 1,346,104 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Victoria’s Secret & Co. by 1,454.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,045,465 shares of the company’s stock valued at $56,634,000 after acquiring an additional 978,194 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter valued at about $20,870,000. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter valued at about $17,644,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

More Victoria’s Secret & Co. News

Here are the key news stories impacting Victoria’s Secret & Co. this week:

Positive Sentiment: Victoria’s Secret & Co. reported Q1 net sales of $1.56 billion, topping estimates, while adjusted EPS of $0.60 handily beat expectations and more than doubled from a year ago. Article title: Victoria’s Secret (VSCO) Beats Q1 Earnings and Revenue Estimates
Positive Sentiment: The company raised fiscal 2026 guidance, with sales and operating income outlooks moving above prior targets, reinforcing the case that its turnaround and margin expansion are continuing. Article title: Victoria’s Secret soars 50% as turnaround powers upbeat annual forecasts
Positive Sentiment: Wells Fargo and Telsey Advisory Group both raised price targets to $90 and kept bullish ratings, signaling that analysts see more upside even after the recent rally. Article title: Analyst price-target updates for Victoria’s Secret & Co.
Positive Sentiment: All three independent proxy advisors recommended shareholders vote for Victoria’s Secret’s board nominees, reducing governance uncertainty ahead of the June 11 annual meeting. Article title: All Three Independent Proxy Advisors Recommend Victoria’s Secret & Co. Shareholders Vote “FOR” All of the Company’s Nominees on the WHITE Proxy Card
Neutral Sentiment: Several follow-up commentary pieces highlighted the stock’s record high and the magnitude of the rally, but did not add materially new fundamental information beyond the earnings beat and guidance hike. Article title: Victoria’s Secret soars 50% as turnaround powers upbeat annual forecasts
Negative Sentiment: One Seeking Alpha piece downgraded Victoria’s Secret to Hold, arguing the risk/reward profile is less attractive after the sharp run-up, which could temper momentum-driven buying. Article title: Victoria’s Secret & Co.: Downgrade To Hold As Risk/Reward No Longer As Attractive

About Victoria’s Secret & Co.

(Get Free Report)

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.

Earnings History for Victoria's Secret & Co. (NYSE:VSXY)

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