Exceeded Expectations in Q1 2025
Victoria's Secret & Co. delivered first-quarter net sales of $1.353 billion and adjusted operating income of $32 million, both exceeding guidance ranges. Adjusted net income per diluted share was $0.09.
International Growth
International sales grew 9% to nearly $200 million with strong high single-digit growth. The China business showed strong double-digit growth, primarily driven by digital channels.
Strong Performance in Beauty Segment
Beauty segment achieved its seventh consecutive quarter of growth, with Bombshell's fifteenth anniversary contributing significantly.
Positive Momentum in Pink and VSX
Pink Apparel had its third consecutive quarter of positive comps, and VSX sports bras saw double-digit growth, with a 20% increase in the quarter.
Strategic Leadership Hires
Announced new brand presidents and a Chief Marketing Officer, aiming to drive sustained growth and strategic vision.
Store of the Future Expansion
Planned expansion of the Store of the Future concept, expected to represent 25% of the North American fleet by year-end.