Victoria’s Secret & Co (NYSE: VSCO) reported fourth-quarter results that exceeded analyst expectations and issued guidance above market forecasts, though shares fell more than 12% intra-day Thursday.
The lingerie retailer reported earnings per share of $2.77 for the fourth quarter, beating the consensus estimate of $2.47. Revenue reached $2.27 billion, surpassing analyst expectations of $2.22 billion.
Comparable sales increased 8% during the fourth quarter, while full-year comparable sales rose 5%.
Adjusted operating income for the fourth quarter of 2025 totaled $316 million, exceeding the company’s previously communicated guidance range.
Looking ahead, Victoria’s Secret projected first-quarter revenue between $1.49 billion and $1.525 billion, above the consensus estimate of $1.42 billion. Based on that sales range, the company expects operating income for the first quarter of fiscal 2026 to fall between $32 million and $42 million.
For the full fiscal year, the retailer expects revenue between $6.85 billion and $6.95 billion, compared with the $6.77 billion consensus estimate. Operating income for fiscal 2026 is projected to range between $430 million and $460 million.
