Record-Breaking Third Quarter Results
Victoria's Secret & Co. reported net sales of $1.47 billion, an increase of 9% versus last year, with adjusted gross margin expansion of 170 basis points and earnings growth of 45%.
Intimates Business Growth
The Intimates business returned to growth, up mid-single digits, gaining over 1% market share in the U.S.
Strong International Performance
Q3 marked the third consecutive quarter of double-digit retail sales growth internationally, with sales up over 30%, driven by exceptional performance in China.
Victoria's Secret Fashion Show Success
The fashion show resulted in 61 million streaming views, a 60% increase from last year, and 9 million new social followers, with total media impressions increasing by over 30%.
PINK's Double-Digit Sales Growth
PINK delivered double-digit sales growth, driven by successful collaborations and increased apparel penetration.
Raised Full-Year Outlook
The company raised its full-year outlook for net sales to $6.45 billion to $6.48 billion, expecting adjusted operating income between $350 million to $375 million.