Victoria's Secret reports narrower-than-expected Q3 loss, ups FY forecast

Victoria's Secret & Co.

05/12/2025 12:10

Overview

Victoria's Secret Q3 net sales rise 9% yr/yr

Adjusted loss per share comes in at $0.27, less than analysts' expectations

Company raises full-year 2025 net sales and earnings guidance

Outlook

Victoria's Secret raises full-year 2025 net sales forecast to $6.450 bln-$6.480 bln

Company expects full-year 2025 adjusted EPS of $2.40-$2.65

Fourth-quarter net sales forecasted at $2.170 bln-$2.200 bln

Result Drivers

PATH TO POTENTIAL STRATEGY - Co attributes Q3 net sales growth to execution of its Path to Potential strategy

GROSS MARGIN EXPANSION - Co reports 170 basis point expansion in adjusted gross margin due to reduced promotions and higher regular-priced selling

GLOBAL EXPANSION - Co cites accelerating global growth as a key driver of Q3 performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
-$0.27
-$0.59 (9 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories retailers peer group is "buy."

Wall Street's median 12-month price target for Victoria's Secret & Co is $35.00, about 15.8% below its December 4 closing price of $41.57

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX9153CV

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)