Quarterly ResultJun 2, 2026, 07:01 AM
Victoria's Secret Q1 Sales Up 15% to $1.56B; Full-Year Guidance Raised
AI Summary
Victoria's Secret & Co. reported strong first-quarter 2026 financial results, with net sales increasing 15% to $1.560 billion and operating income rising to $76 million. The company exceeded its own guidance for both top- and bottom-line results. Driven by this performance, VS&Co has raised its full-year 2026 outlook for net sales and adjusted operating income. The company also announced a share repurchase of $100 million during the quarter.
Key Highlights
- Victoria's Secret & Co. reported Q1 2026 net sales of $1.560 billion, a 15% increase year-over-year.
- Operating income for Q1 2026 was $76 million, up from $20 million in Q1 2025.
- Adjusted operating income for Q1 2026 was $80 million, significantly exceeding guidance.
- The company repurchased 2.2 million shares for $100 million in Q1 2026.
- VS&Co raised its full-year 2026 net sales guidance to $7.030-$7.130 billion.
- Full-year 2026 adjusted operating income guidance was raised to $550-$580 million.
- Net sales for North America stores increased 11.3% to $802.8 million.
- International net sales increased 44.9% to $287.4 million.
Price Impact
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