NYSE$VSCO
Victoria's Secret & Co. · Q1 2027 earnings
Q1 2027 earnings · · Before market open · Investor relations
Briefing
Victoria's Secret reported Q1 2025 net sales of $1.35B with a net loss of $2M and adjusted diluted EPS of $0.09.
Net sales were $1.35 billion; GAAP net loss was $2 million ($0.02 per diluted share) while adjusted net income was $7 million ($0.09 per diluted share). Adjusted operating income of $32 million exceeded prior guidance. Management issued Q2 net sales guidance of $1.38B–$1.41B.
- Q1 net sales $1.35B.
- GAAP net loss $2M; adjusted EPS $0.09.
- Adjusted operating income $32M beat guidance.
- Q2 outlook: net sales $1.38B–$1.41B.
Headline financials
Revenue & EPS history
Victoria's Secret · Revenue · Quarterly
$1.35B
Revenue by segment
Victoria's Secret · $1.56B total across 3 segments · Q1 2026
- Stores - North America$803M+11.3%51.5%
- Direct$469M+8.4%30.1%
- International$287M+44.4%18.4%
Forward guidance
Apparel and specialty retail outlook focuses on traffic, inventory, promotions, and category trends into the next quarter.
Tailwinds
- Product newness and loyalty programs support conversion.
- Inventory discipline and margin stabilization efforts.
Headwinds
- Discretionary spending and promotional competition.
- Tariffs, freight, and wage inflation on gross margin.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2027
+1.1%
Avg return
Earnings day
-3.0%
Avg return
5 days after
-9.7%
Avg return
30 days after
39%
9 / 23 earnings
Positive
+46.8%
Q1 2026
Best reaction
-32.4%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +46.8% | +36.9% | — | |
| Q4 2025 | -12.8% | -20.5% | -23.3% | |
| Q3 2025 | +17.0% | +25.1% | +28.4% | |
| Q2 2025 | -0.5% | -1.7% | +15.2% | |
| Q1 2025 | +4.4% | +4.7% | -4.2% | |
| Q1 2027 | -5.5% | -16.1% | -13.8% | |
| Q4 2024 | -8.2% | -26.8% | -23.7% | |
| Q3 2024 | +9.4% | +6.2% | -4.6% | |
| Q2 2024 | -3.1% | -5.1% | +5.3% | |
| Q1 2024 | -5.4% | -18.0% | -22.6% | |
| Q4 2023 | -32.4% | -28.6% | -30.7% | |
| Q3 2023 | +20.7% | +21.7% | +18.9% | |
| Q2 2023 | +7.3% | +10.8% | -6.7% | |
| Q1 2023 | -12.8% | -13.3% | -18.5% | |
| Q4 2022 | -7.2% | -10.0% | -11.4% | |
| Q3 2022 | -5.2% | -4.6% | -21.3% | |
| Q2 2022 | -1.9% | -7.4% | -21.7% | |
| Q1 2022 | +5.2% | -2.7% | -34.5% | |
| Q1 2021 | -2.1% | -4.2% | -5.5% | |
| Q4 2021 | +8.6% | -16.9% | -1.5% | |
| Q3 2021 | +12.2% | +14.1% | -4.1% | |
| Q4 2020 | -5.0% | -4.2% | -18.2% | |
| Q2 2021 | -3.7% | -8.0% | -13.9% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
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