Victoria’s Secret hails ‘standout’ third quarter performance
Victoria’s Secret has posted a 9% increase in third quarter net sales to $1.472 billion.
This was above the lingerie brand’s previously guided range of between $1.390 billion to $1.420 billion.
Victoria’s Secret attributed the performance to strength across its Victoria’s Secret, PINK and beauty brands.
Hillary Super, VS & Co chief executive said: “We delivered a standout third quarter, with outperformance on net sales and earnings per share, exceeding the high-end of our guidance.
“These outstanding results reflect disciplined execution of our Path to Potential strategy.
“Building on the third quarter’s outperformance as well as the solid start to our fourth quarter, we are raising our full year outlook and are well positioned for a successful holiday season and finish to our fiscal 2025.”
The company reported an operating loss of $19 million for the period, which was an improvement from a loss of $47 million in the third quarter of 2024. It also posted a net loss of $37 million, or $0.46 per diluted share, compared with a net loss of $56 million, or $0.71 per diluted share, at the same time a year earlier.
Excluding the impact of adjusted items, adjusted operating income for the third quarter of 2025 was breakeven at $0 million.
Victoria’s Secret has now raised its full year outlook and is now forecasting net sales in the range of $6.450 billion to $6.480 billion, compared to prior guidance of $6.330 billion to $6.410 billion.
Super added: “With two iconic brands, Victoria’s Secret and Pink, a curated product assortment, high-emotion marketing and a relentless customer focus, we are reinforcing our leadership in global intimates and beauty. As we continue to advance our Path to Potential strategy, we are accelerating global growth, elevating brand distinctiveness, and unlocking greater value across our ecosystem to drive long-term profitable growth.
