Victoria's Secret & Company (VSXY)
NYSE:VSXY
Want to see VSXY full AI Analyst Report?
Earnings Data
Report Date
Sep 02, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.75Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated broad-based, sustained momentum across top-line growth, margin expansion and customer engagement, with materially raised full-year guidance and strong profitability improvements. Key operational challenges center on tariff uncertainty, inventory timing due to freight shifts, modest near-term SG&A pressure (including proxy-related expense) and some strategic timing trade-offs (e.g., VSX). Overall the positive financial performance, raised guidance, and accelerating customer metrics outweigh the risks highlighted.Company Guidance
Strong Revenue Growth
Net sales of $1.56 billion, up $207 million or 15% year-over-year; total comp sales increased 13%, driving total sales growth of 15% and marking the fourth consecutive quarter of positive comps.
Major Profitability Gains
Adjusted operating income rose 153% to $80 million (from $32 million prior year); adjusted EPS increased over 500% to $0.60 (from $0.09 prior year), well above guidance.
Raised Full-Year Guidance
Full-year net sales guidance raised to $7.03–$7.13 billion (up from $6.85–$6.95B) implying 7%–9% YoY growth; adjusted operating income guidance raised to $550–$580 million (vs $403M FY2025); adjusted EPS guidance raised to $4.35–$4.60 (vs prior $3.20–$3.45 and $3.00 FY2025).
Broad-Based Brand Strength
Victoria's Secret, PINK and Beauty each delivered low-to-double-digit retail sales growth; bras grew low double-digits and panties/sleep up mid-teens; PINK delivered low double-digit growth driven by core apparel and intimates.
Beauty Momentum
Beauty accelerated to low double-digit growth with continued strength in fine fragrance (Bombshell franchise) and mist collection; integrated campaigns and increased newness drove holiday/gifting performance (double-digit Valentine's growth).
International Outperformance
Reported international sales growth of 45% in Q1 (driven by China and digital/social selling); adjusting for reporting shifts, international sales grew 36% YoY, with international retail comps up mid-teens.
Margin Expansion
Adjusted gross margin dollars increased 23% to $587 million; adjusted gross margin rate expanded to 37.6% from 35.2% (up ~240 basis points) despite ~$14 million (~90 bps) incremental net tariff pressure in the quarter.
Traffic, AUR and Customer File Growth
Both store and digital traffic increased (digital growing faster); first-quarter AURs were up mid-single digits; total customer file grew mid-single digits (acceleration from Q4) with new customer acquisition moving from mid-single digits in Q4 to low double digits in Q1.
Strong Cash & Capital Return
Ended Q1 with $207 million cash (up $69M YoY); repurchased 2.2 million shares for $100 million (average ~$45/share) with $150 million remaining on $250 million authorization.
Q2 Outlook and Operational Leverage
Q2 guidance: net sales $1.59–$1.615 billion (≈9%–11% growth); expected Q2 gross margin ~38.5% vs 35.6% prior year (≈290 bps expansion); operating income guidance $90–$100 million vs $55 million prior year, indicating continued top-line momentum and leverage.
VSXY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VSXY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 02, 2026 | $54.30 | $80.06 | +47.44% |
Mar 05, 2026 | $60.01 | $52.71 | -12.16% |
Dec 05, 2025 | $41.57 | $49.05 | +17.99% |
Aug 28, 2025 | $22.78 | $22.67 | -0.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Victoria's Secret & Company (VSXY) report earnings?
Victoria's Secret & Company (VSXY) is schdueled to report earning on Sep 02, 2026, After Close (Confirmed).
What is Victoria's Secret & Company (VSXY) earnings time?
Victoria's Secret & Company (VSXY) earnings time is at Sep 02, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VSXY EPS forecast?
VSXY EPS forecast for the fiscal quarter 2026 (Q2) is 0.75.