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Victoria's Secret Soars on Strong Q1, New Ticker
2 Jun
Summary
- Victoria's Secret Q1 earnings per share $0.60, beating estimates.
- Revenue climbed 15% to $1.56 billion, surpassing expectations.
- Company raised full-year revenue and operating income guidance.
Victoria's Secret & Co. commenced fiscal year 2026 with a strong first quarter, surpassing financial expectations and prompting an upward revision of its full-year guidance. The company announced adjusted earnings of $0.60 per share, significantly exceeding the $0.32 analyst estimate. Revenue saw a healthy 15% increase, reaching $1.56 billion, which was also above consensus forecasts.
This marks the fourth consecutive quarter of positive comparable sales growth, rising 13% and contributing to an operating income of $76 million. The company raised its fiscal 2026 revenue forecast to between $7.03 billion and $7.13 billion. Adjusted operating income guidance was also boosted to $550 million-$580 million, reflecting confidence in continued momentum.
