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Victoria's Secret Soars: Full-Year Outlook Raised on Strong Q2
4 Sep
Summary
- Net sales climbed to $1.611bn, with comparable sales up 9%.
- Adjusted operating income more than doubled to $124m, beating guidance.
- Fiscal year sales forecast raised to $7.1bn-$7.18bn.
Victoria's Secret & Co. (VS&Co) announced a highly successful second quarter for fiscal year 2026, with net sales rising to $1.611bn, an increase from $1.459bn in the prior year. Comparable sales across physical stores, digital platforms, and international branches experienced a significant 9% climb. The company's adjusted operating income for the quarter reached $124m, more than doubling the $55m recorded in the same period last year and exceeding the initial guidance of $90m to $100m.
The strong financial results have prompted VS&Co to raise its full-year 2026 outlook. The company now projects net sales between $7.1bn and $7.18bn, an upward revision from its previous forecast. Adjusted operating income is expected to be between $560m and $590m for the year, also an increase from earlier projections. This optimistic outlook is attributed to the successful execution of its 'Path to Potential' strategy, which has strengthened brand relevance and customer engagement.
Looking ahead, VS&Co anticipates third-quarter net sales to range from $1.57bn to $1.6bn. Projected adjusted operating income for Q3 is between $10m and $20m, a notable improvement from zero in the previous year's third quarter. CEO Hillary Super highlighted the broad-based growth and credited the company's enhanced product strategy, brand storytelling, and execution for the positive momentum. CFO Scott Sekella emphasized continued focus on profitable growth and strategic investments in product, customer experience, and marketing.
