Victoria’s Secret & Company ( (VSCO) ) has released its Q3 earnings. Here is a breakdown of the information Victoria’s Secret & Company presented to its investors.
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Victoria’s Secret & Co., a prominent specialty retailer in the fashion industry, is known for its modern collections of lingerie, apparel, and beauty products, operating globally with over 1,400 stores in approximately 70 countries. The company has reported a strong third quarter in 2025, with net sales reaching $1.472 billion, marking a 9% increase from the previous year and surpassing expectations. This growth was driven by the performance of its brands Victoria’s Secret, PINK, and Beauty across various channels and geographies.
Key financial highlights from the third quarter include a significant improvement in operating results, with an operating loss reduced to $19 million from $47 million in the same quarter last year. The company also reported a net loss of $37 million, or $0.46 per diluted share, which is an improvement from the previous year’s net loss of $56 million. Adjusted operating income was breakeven, surpassing the anticipated adjusted operating loss, and adjusted net loss per diluted share was better than expected.
Victoria’s Secret & Co. has raised its full-year guidance, now forecasting net sales between $6.450 billion and $6.480 billion, with adjusted operating income expected to range from $350 million to $375 million. The company is also optimistic about its fourth-quarter performance, projecting net sales between $2.170 billion and $2.200 billion, and adjusted net income per diluted share between $2.20 and $2.45.
Looking ahead, Victoria’s Secret & Co. is focused on accelerating global growth and enhancing brand distinctiveness through its Path to Potential strategy. The company aims to continue leveraging its strong business model and disciplined execution to drive long-term profitable growth, positioning itself for a successful holiday season and a strong finish to fiscal 2025.

