Quarterly ResultJun 2, 2026, 07:07 AM
Victoria's Secret Q1 Net Sales +15% to $1.56B; Raises FY26 Guidance
AI Summary
Victoria's Secret & Co. reported strong first quarter 2026 results, with net sales increasing 15% to $1.560 billion, exceeding its guidance. Operating income rose to $76 million, and adjusted operating income of $80 million also surpassed expectations. The company raised its full-year 2026 net sales guidance to $7.030-$7.130 billion and adjusted operating income guidance to $550-$580 million, reflecting confidence in its business trajectory and disciplined execution.
Key Highlights
- Q1 2026 net sales increased 15% to $1.560 billion, exceeding guidance.
- Q1 2026 operating income rose to $76 million from $20 million in Q1 2025.
- Q1 2026 adjusted operating income was $80 million, significantly above guidance.
- Q1 2026 diluted EPS was $0.56, compared to a loss of $0.02 in Q1 2025.
- Raised full-year 2026 net sales guidance to $7.030-$7.130 billion.
- Raised full-year 2026 adjusted operating income guidance to $550-$580 million.
- Repurchased 2.2 million shares for $100 million in Q1 2026.
- Total comparable sales for Q1 2026 increased by 13%.
Price Impact
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