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Victoria's Secret & Co.

Victoria's Secret & Co.

NYSE•VSCO
CEO: Mr. Timothy A. Johnson CPA
Sector: Consumer Cyclical
Industry: Apparel - Retail
Listing Date: 2021-07-21
Victoria's Secret & Co. operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands. The company provides its products through its retail stores; websites, such as VictoriasSecret.com, PINK.com, and AdoreMe.com; and other digital channels. It also operates stores under the franchise, license, and wholesale arrangements. Victoria's Secret & Co. was incorporated in 2021 and is headquartered in Reynoldsburg, Ohio.
Contact Information
4 Limited Parkway East, Reynoldsburg, OH, 43068, United States
614-577-7000
www.victoriassecretandco.com
Market Cap
$4.36B
P/E (TTM)
25.1
33.3
Dividend Yield
--
52W High
$56.95
52W Low
$13.76
52W Range
94%
Rank56Top 70.4%
2.9
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 2.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.47B+9.28%
4-Quarter Trend

EPS

-$0.46-35.21%
4-Quarter Trend

FCF

-$232.00M-22.41%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Q3 Net Sales Growth Q3 Net Sales reached $1.472B USD, marking a strong 9% increase over Q3 2024 results, driven by international growth.
Operating Loss Narrows Q3 operating loss narrowed $28M to $(19)M, reflecting improved gross profit rate to 36.4% compared to prior year.
YTD Cash Flow Improvement Net cash used for operations improved $75M year-to-date 2025, reducing cash burn to $(174)M compared to prior year.
Balance Sheet Position Total assets grew to $5.134B USD as of November 1, 2025, while long-term debt decreased to $1.347B USD.

Risk Factors

Tariff Operating Income Impact Estimated tariff impact reduced operating income by $25M year-to-date 2025, despite ongoing mitigation efforts across supply chain.
Restructuring Charges Incurred Recognized $13M pre-tax charges year-to-date 2025 for executive leadership restructuring activities implemented in the quarter.
Adore Me Payment Dispute Company disputes neutral accountant determination of $5M contingent payment owed related to the Adore Me acquisition terms.
Inventory Levels Rising Total inventories increased to $1.377B USD as of November 1, 2025, requiring careful management against seasonal sales.

Outlook

FY2025 Capital Expenditure Plan Capital expenditures estimated near $200M for fiscal year 2025, focused on store capital program and technology investments.
Strategic Growth Priorities Focus remains on Supercharge Bra Authority, Recommit to PINK, and Fuel Growth in Beauty segments for long-term growth.
Share Repurchase Authorization $250,000K remains authorized for common stock repurchases under the open-ended March 2024 Program.
IT Security Incident Recovery Security incident impact resolved in Q2 2025; insurance claim process for estimated $14M operating income loss is ongoing.

Peer Comparison

Revenue (TTM)

Sonic Automotive, Inc.SAH
$15.18B
+9.1%
Victoria's Secret & Co.VSCO
$6.39B
+3.0%
American Eagle Outfitters, Inc.AEO
$5.34B
-1.2%

Gross Margin (Latest Quarter)

Ermenegildo Zegna N.V.ZGN
67.5%
+1.1pp
Columbia Sportswear CompanyCOLM
50.0%
-0.2pp
The Buckle, Inc.BKE
48.0%
+0.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
AEO$4.51B21.613.0%42.0%
VSCO$4.36B25.126.1%62.1%
GTX$3.56B10.6-43.5%62.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-11.2%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 4, 2026
|
EPS:$2.42
|
Revenue:$2.20B
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Nov 1, 2025|Filed: Dec 5, 2025|
    Revenue: $1.47B+9.3%
    |
    EPS: $-0.46-35.2%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Aug 2, 2025|Filed: Sep 5, 2025|
    Revenue: $1.46B+3.0%
    |
    EPS: $0.21-48.8%
    Beat

  • Form 10-Q - Q1 2025

    Period End: May 3, 2025|Filed: Jun 12, 2025|
    Revenue: $1.35B-0.4%
    |
    EPS: $-0.03-50.7%
    Miss

  • Form 10-K - FY 2024

    Period End: Feb 1, 2025|Filed: Mar 21, 2025|
    Revenue: $6.23B+0.8%
    |
    EPS: $2.09+49.3%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Nov 2, 2024|Filed: Dec 9, 2024|
    Revenue: $1.35B+6.5%
    |
    EPS: $-0.71-22.8%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Aug 3, 2024|Filed: Sep 6, 2024|
    Revenue: $1.42B-0.7%
    |
    EPS: $0.41-3253.8%
    Beat

  • Form 10-Q - Q1 2024

    Period End: May 4, 2024|Filed: Jun 7, 2024|
    Revenue: $1.36B-3.4%
    |
    EPS: $-0.05-500.8%
    Miss

  • Form 10-K - FY 2023

    Period End: Feb 3, 2024|Filed: Mar 22, 2024|
    Revenue: $6.18B-2.6%
    |
    EPS: $1.40-67.0%
    Miss