Victoria’s Secret Posts Strong Q3 2025 — Raises Full‑Year Outlook

Victoria's Secret & Co. (VS&Co) announced third‑quarter results for the period ending November 1, 2025, showing strong performance and prompting an upward revision of its full‑year guidance. Net sales rose to US$1.472 billion, up 9% from the same quarter last year — higher than the company’s earlier guidance of US$1.390–1.420 billion. Comparable sales grew 8%. Despite a net loss of US$37 million (–US$0.46 per diluted share), this is an improvement from Q3 2024’s US$56 million loss (–US$0.71 per share). On an adjusted basis, net loss narrowed to US$22 million, or –US$0.27 per share, beating analysts’ expectation of –US$0.59. The company’s adjusted operating results also improved: adjusted operating income came in at break‑even — far better than the prior guidance of a US$35–55 million loss. Given the robust quarter and a solid start to Q4, the company is revising its full‑year 2025 expectations. It now anticipates net sales of US$6.45–6.48 billion (up from US$6.33–6.41 billion), adjusted operating income of US$350–375 million (vs. prior US$270–320 million), and adjusted net income of US$2.40–2.65 per share (versus the previous US$1.80–2.20 range). For Q4 alone, net sales are forecast at US$2.17–2.20 billion and adjusted net income at US$2.20–2.45 per share. Executives credited the results to improved margins driven by fewer promotions, stronger regular‑price selling, disciplined cost control, and growth across the company’s core brands including Victoria's Secret, PINK, and Beauty. They said the momentum supports confidence in a strong holiday season and long‑term growth under their “Path to Potential” strategy. #VictoriasSecret #RetailEarnings #Q32025 #EcommerceGrowth #SlimScan #GrowthStocks #CANSLIM