Victoria's Secret initiates review of non-core brand, shares fall

Victoria's Secret & Co.

05/03/2026 13:32

** Shares of lingerie maker Victoria’s Secret VSCON> down ~4% at $57.30 premarket

** VSCO initiates a strategic review of its non-core clothing brand, DailyLook, to focus more on its core brands, Victoria’s Secret and PINK

** Says it continues to assess Adore Me business and is exploring opportunities to optimize it within the broader portfolio

** Forecasts annual sales above estimates, banking on marketing efforts to boost demand

** Expects fiscal 2026 sales at $6.85 billion to $6.95 billion, vs. analysts' estimates of $6.80 billion - data compiled by LSEG

** Posts Q4 sales of $2.27 billion, vs. estimates of $2.23 billion

** Reports Q4 adjusted net income of $2.77 per share, vs. estimates of $2.52 per share

** Despite VSCO's upbeat quarter and strong annual sales view, expectations had run up, explaining the pre-market pressure, says Simeon Siegel, analyst at Guggenheim Securities

** As of last close, stock up nearly 11% YTD

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))