Quarterly ResultJun 5, 2026, 07:21 AM
Victoria's Secret Q1 Sales Up 15.3% to $1.56B; Net Income Turns Positive
AI Summary
Victoria's Secret & Co. reported a significant improvement in its first quarter 2026 financial results, with net sales increasing by 15.3% to $1,560 million and a net income of $48 million, a substantial turnaround from a net loss in the prior year. Operating income also saw a strong increase. The company also continued its share repurchase program, buying back $100 million worth of stock. The company announced that its common stock will begin trading under the new ticker symbol VSXY on June 2, 2026.
Key Highlights
- Victoria's Secret & Co. reported Q1 2026 Net Sales of $1,560 million, a 15.3% increase from $1,353 million in Q1 2025.
- Q1 2026 Net Income Attributable to Victoria's Secret & Co. was $48 million, or $0.56 per diluted share, compared to a net loss of $2 million, or ($0.02) per diluted share, in Q1 2025.
- Operating Income increased to $76 million in Q1 2026 from $20 million in Q1 2025.
- Total Assets were $4,770 million as of May 2, 2026, compared to $4,580 million as of May 3, 2025.
- Total Liabilities were $3,925 million as of May 2, 2026, compared to $3,907 million as of May 3, 2025.
- Total Equity was $845 million as of May 2, 2026, compared to $673 million as of May 3, 2025.
- The company repurchased 2.2 million shares for $100 million under its share repurchase program in Q1 2026.
Price Impact
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