Victoria’s Secret hikes FY25 guidance after Q3 surpasses target

For the 3rd 4th (Q3) ending 1 November 2025, Victoria's Secret's nett income totalled $1.47bn, representing a 9% summation from $1.35bn successful the aforesaid play past year.

The reported Q3 FY25 fig exceeded the company’s earlier guidance scope of $1.39bn to $1.42bn.

Victoria’s Secret CEO Hillary Super attributed this summation to a bully show crossed its Victoria’s Secret, PINK, and Beauty segments, on with continued momentum successful its assorted income channels and regions.

Super said: “These outstanding results bespeak disciplined execution of our Path to Potential strategy. With 2 iconic brands, Victoria’s Secret and PINK, a curated merchandise assortment, high-emotion selling and a relentless lawsuit focus, we are reinforcing our enactment successful planetary intimates and beauty. As we proceed to beforehand our Path to Potential strategy, we are accelerating planetary growth, elevating marque distinctiveness, and unlocking greater worth crossed our ecosystem to thrust semipermanent profitable growth.”

Victoria’s Secret saw its gross nett roseate to $536.14m successful Q3 FY25, up from $468.29m successful the anterior twelvemonth quarter.

The company’s operating nonaccomplishment reduced to $19m successful the reported 4th from $47m successful the aforesaid play past year.

Net nonaccomplishment attributable to the institution besides narrowed to $37.35m, which translates to nonaccomplishment per diluted stock of $0.46, against $56.23m oregon nonaccomplishment of $0.71 per diluted stock successful Q3 FY24.

The lingerie retailer achieved an adjusted gross borderline summation of 170 ground points, attributed to lesser promotional activities and a higher proportionality of regular-priced sales, portion utilizing the strengths of its concern model.

For the afloat twelvemonth 2025, Victoria’s Secret present projects nett income betwixt $6.45bn and $6.48bn, up from erstwhile guidance of $6.33bn to $6.41bn.

At this income level, adjusted operating income is expected to scope from $350m to $375m, compared to anterior guidance of $270m to $320m.

The outlook includes an estimated nett tariff interaction of astir $90m for fiscal twelvemonth 2025, down from earlier guidance of $100m.

In the 4th fourth of 2025, projected nett income are betwixt $2.17bn and $2.20bn.

Adjusted operating income for the 4th fourth is expected betwixt $265m and $290m.

Victoria’s Secret main fiscal and operating serviceman Scott Sekella said: “We stay focused connected managing costs portion prioritising investments successful merchandise innovation, marque strength, and lawsuit experience. These efforts, on with the coagulated operational instauration we person built enables america to standard efficaciously and enactment the company’s growth, giving america assurance successful delivering a beardown decorativeness to the twelvemonth and positioning VS&Co for semipermanent success.”