Victoria’s Secret & Co. (NYSE:VSXY) Issues Earnings Results

Victoria’s Secret & Co. (NYSE:VSXY) released its earnings results on Tuesday. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.29 by $0.31, FiscalAI reports. Victoria’s Secret & Co. had a return on equity of 33.55% and a net margin of 2.45%.The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the company posted $0.09 earnings per share.

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 $55.15 on Wednesday. The stock has a 50-day moving average price of $49.54 and a 200 day moving average price of $51.89. The stock has a market capitalization of $4.38 billion, a P/E ratio of 29.65, a P/E/G ratio of 0.95 and a beta of 2.16. Victoria’s Secret & Co. has a 12-month low of $74.26 and a 12-month high of $81.28. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 1.07.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Weiss Ratings cut shares of Victoria’s Secret & Co. from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Wall Street Zen cut shares of Victoria’s Secret & Co. from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 5th. Barclays restated an “overweight” rating on shares of Victoria’s Secret & Co. in a research note on Wednesday. Zacks Research raised shares of Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, UBS Group cut shares of Victoria’s Secret & Co. to a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.80.

Trending Headlines about Victoria’s Secret & Co.

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

• Positive Sentiment: Victoria’s Secret beat first-quarter earnings and revenue estimates by a wide margin, signaling stronger demand and better execution. Reuters article
• Positive Sentiment: The company raised its full-year outlook, suggesting management sees continued momentum in sales and profitability. CNBC article
• Positive Sentiment: Strong bra sales and a swing to profit are reinforcing the view that Victoria’s Secret’s turnaround strategy is working. WSJ article
• Positive Sentiment: Shares hit record highs as multiple reports highlighted the company’s outperformance and improved forecasts. Yahoo Finance article

Insider Activity at Victoria’s Secret & Co.

In related news, Director Anne Sheehan bought 4,842 shares of the stock in a transaction dated Thursday, April 2nd. The shares were purchased at an average price of $45.86 per share, with a total value of $222,054.12. Following the completion of the acquisition, the director owned 34,261 shares of the company’s stock, valued at $1,571,209.46. This represents a 16.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna James purchased 2,175 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was bought at an average price of $46.23 per share, for a total transaction of $100,550.25. Following the purchase, the director owned 63,097 shares in the company, valued at approximately $2,916,974.31. This represents a 3.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.52% of the company’s stock.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp bought a new stake in Victoria’s Secret & Co. during the fourth quarter worth approximately $237,000. Baird Financial Group Inc. bought a new stake in shares of Victoria’s Secret & Co. in the 1st quarter worth about $233,000. Magnetar Financial LLC bought a new stake in shares of Victoria’s Secret & Co. in the 4th quarter worth about $227,000. Headlands Technologies LLC bought a new position in Victoria’s Secret & Co. during the 4th quarter valued at about $214,000. Finally, HighTower Advisors LLC bought a new stake in Victoria’s Secret & Co. in the fourth quarter worth about $212,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Company Profile

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.