NYSE$VSCO

Victoria's Secret & Co. · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Victoria's Secret reported Q3 2025, revenue of $1.47B.

For Q3 2025, Victoria's Secret reported revenue of $1.47B. Management discusses operating trends, capital allocation, and outlook in the earnings release or periodic filing.

  • Revenue $1.47B.
  • Victoria's Secret highlights liquidity, costs, and near-term priorities.
  • Victoria's Secret highlights liquidity, costs, and near-term priorities.

Headline financials

Total Revenue

$1.47B

Previous: $1.35B+9.3%
EPS (adj)

-$0.27

Previous: -$0.71+62.0%
Comparable Store Sales

5.0%

No prior period
Total comparable sales

8.0%

No prior period
Capital Expenditures

-$163M

Previous: -$150M-8.7%
Free Cash Flow

-$200M

Previous: -$206M+2.9%
Net Income

-$37M

Previous: -$56M+33.9%
Operating Income

-$19M

Previous: -$47M+59.6%
Gross Profit

$536M

Previous: $468M+14.5%
Cash & Equivalents

$249M

Previous: $161M+54.7%
Total Assets

$5.13B

Previous: $4.92B+4.3%

Revenue & EPS history

Victoria's Secret · Revenue · Quarterly

$1.47B

Q3 2025+9.3%vs Q3 2024
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Victoria's Secret · $1.56B total across 3 segments · Q1 2026

  • Stores - North America
    $803M+11.3%
  • Direct
    $469M+8.4%
  • International
    $287M+44.4%

Forward guidance

The filing outlines Victoria's Secret's outlook, including operating priorities, capital allocation, and key risks, with specific numeric guidance where management provided it.

Tailwinds

  • Victoria's Secret cites execution on growth initiatives and balance-sheet flexibility.
  • Management emphasizes capital allocation and operational priorities in the filing.

Headwinds

  • Macro, pricing, and competitive pressure may affect margins.
  • One-time items and segment mix can affect quarter-to-quarter comparability.

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 Q3 2025

Historical avgQ3 2025

+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

Earnings price reactions
QuarterReport dateReaction (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

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