VSCO

Victoria's Secret has closed dozens of stores worldwide this year, but the brand is still raising its full-year sales outlook.

Victoria's Secret & Co. reported strong Q2 2026 results, with revenue up 10.4% and EPS beating expectations despite a minor revenue miss. VSXY raised full-year guidance, now expecting $7.10–$7.18B in revenue and $560–$590M in operating income, reflecting robust comparable sales and new product momentum. Profitability surged, aided by a $140.3M tariff refund, while adjusted net income more than doubled and leverage declined significantly to $453M net debt.

Hillary Super, Victoria's Secret CEO, joins 'Power Lunch' to discuss the company's quarterly earnings results, narratives around the consumer and much more.

Victoria's Secret & Co. (NYSE:VSCO) shares fell more than 12% after the retailer's third-quarter profit outlook came in below Wall Street estimates, overshadowing a second-quarter earnings beat and a raised full-year guidance. The company reported second-quarter revenue of $1.61 billion, up 10% from a year earlier but slightly short of the $1.62 billion analysts had expected.

Victoria's Secret & Co. NYSE: VSXY reported second-quarter results that exceeded its guidance, as growth in bras, PINK and Beauty supported higher regular-price sales, reduced promotional activity and improved profitability.

The company delivered sales near the high end of its forecasted range, but Wall Street was expecting more, and the stock is headed for its worst day in more than a year.

Victoria's Secret stock drops sharply after the lingerie retailer misses quarterly sales expectations.

The bra retailer said it now expects sales of $7.1 billion to $7.18 billion for the year, as it reported better-than-expected profit in the second quarter.

Victoria's Secret is set to release its Q2 results on Thursday, September 3. Ahead of the release, shares in the stock are among the top performers in the broader markets, with gains of over 300% in the past year. The success story is almost as simple as the retailer's bra business, which is growing modestly but creating a halo effect across panties and sleep while attracting new customers.

Victoria's Secret is better characterized as a retail turnaround story with unique challenges and opportunities. VSXY's investment thesis hinges on its evolving brand strategy and efforts to regain market relevance. Key topics include operational restructuring, competitive positioning, and the company's ability to adapt to shifting consumer preferences.