Group 1 - SoftBank's CEO Masayoshi Son is reportedly working on a plan to assist the Trump administration in enhancing American manufacturing capacity [1] - The initiative involves creating factory clusters in the United States, utilizing hundreds of billions of dollars pledged by the Japanese government as part of a recent trade deal with America [1] - The proposed industrial parks would be built on federal land and would be owned by the US government upon completion [1] Group 2 - The factories are intended to produce data center equipment and eventually AI chips [2] - President Trump has expressed support for Masayoshi Son's proposal [2]

Exhibit 99.1 Victoria's Secret & Co. Reports Third Quarter 2025 Results and Raises Full Year Guidance Reynoldsburg, Ohio (December 5, 2025)—Victoria's Secret & Co. ("VS&Co" or the "Company") (NYSE: VSCO) today reported financial results for the third quarter ended November 1, 2025. Hillary Super, VS&Co Chief Executive Officer, said, "We delivered a standout third quarter, with outperformance on net sales and earnings per share, exceeding the high-end of our guidance. Net sales increased 9% over last year, d ...

Core Insights - Victoria's Secret & Co. reported a strong third quarter for fiscal year 2025, with net sales of $1.472 billion, a 9% increase from $1.347 billion in the same quarter of 2024, exceeding previous guidance [3][7] - The company is raising its full-year outlook for net sales and adjusted operating income, indicating confidence in continued growth and a successful holiday season [6][7] Financial Performance - Net sales for the third quarter of 2025 were $1.472 billion, up 9% from $1.347 billion in Q3 2024, and total comparable sales increased by 8% [3][4] - The operating loss for Q3 2025 was $19 million, an improvement from a loss of $47 million in Q3 2024, while the net loss was $37 million, or $0.46 per diluted share, compared to a net loss of $56 million, or $0.71 per diluted share, in the prior year [4][23] - Adjusted operating income for Q3 2025 was breakeven at $0 million, better than the previously communicated guidance of an adjusted operating loss of $35 million to $55 million [5][27] Outlook - The company raised its full-year net sales forecast to a range of $6.450 billion to $6.480 billion, up from the previous guidance of $6.330 billion to $6.410 billion [6] - For Q4 2025, net sales are expected to be between $2.170 billion and $2.200 billion, compared to $2.106 billion in Q4 2024, with adjusted operating income projected to be between $265 million and $290 million [7][31] Strategic Initiatives - The CEO emphasized the execution of the "Path to Potential" strategy, which focuses on global growth, brand distinctiveness, and enhancing customer experience [2][6] - The company is prioritizing investments in product innovation and brand strength while managing costs effectively [2][4]

Victoria’s Secret & Co. (NYSE:VSCO) will release earnings results for the third quarter before the opening bell on Friday, Dec. 5.Analysts expect the Reynoldsburg, Ohio-based company to report a quarterly loss at 59 cents per share, versus a year-ago loss of 50 cents per share. The consensus estimate for Victoria’s Secret quarterly revenue is $1.41 billion, compared to $1.35 billion a year earlier, according to data from Benzinga Pro.On Aug. 28, Victoria’s Secret reported better-than-expected second-quarter ...

Earnings Expectations - Victoria's Secret & Co. is set to release its third-quarter earnings results on December 5, with analysts predicting a loss of 59 cents per share, compared to a loss of 50 cents per share in the same quarter last year [1] - The consensus estimate for quarterly revenue is $1.41 billion, an increase from $1.35 billion a year earlier [1] Recent Performance - On August 28, Victoria's Secret reported better-than-expected second-quarter earnings and sales results, yet shares fell by 2.2% to close at $41.57 [2] Analyst Ratings and Price Targets - Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating and raised the price target from $29 to $45 [4] - JP Morgan analyst Matthew Boss kept a Neutral rating and increased the price target from $27 to $28 [4] - Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating and raised the price target from $20 to $27 [4] - UBS analyst Jay Sole maintained a Neutral rating and increased the price target from $21 to $25 [4] - Wells Fargo analyst Ike Boruchow maintained an Underweight rating and raised the price target from $14 to $17 [4]

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Victoria’s Secret & Co. (NYSE:VSCO) to report a quarterly loss of 59 cents per share on revenue of $1.41 billion before the opening bell, according to data from Benzinga Pro. Victoria’s Secret shares rose 2.2% to $42.50 in after-hours trading.Hewlett Packard Enterprise Co. (NYSE:HPE) reported mixed fourth-quarter financial results and issued weak first-quart ...

Core Viewpoint - Victoria's Secret & Co. is experiencing positive momentum in the market, supported by significant institutional investment and an optimistic outlook from Barclays, which has raised its price target for the stock. Group 1: Company Performance - Barclays maintains an "Overweight" rating for Victoria's Secret, raising its price target from $27 to $47, indicating confidence in the company's future performance [2][5] - The current stock price of Victoria's Secret is $42.64, reflecting a 3.17% increase or $1.31, with a market capitalization of approximately $3.41 billion [4][5] Group 2: Institutional Investment - Barington Capital Group L.P. has increased its stake in Victoria's Secret by 255.1%, now owning 838,886 shares, which represents 14.5% of Barington's portfolio [2][3][5] - Barington's stake is valued at $15.5 million, accounting for about 1.05% of Victoria's Secret's total shares [3] - Other institutional investors, such as Quadrature Capital Ltd and Scotia Capital Inc., have also acquired new stakes in the company, valued at $710,000 and $371,000, respectively [3]

Core Viewpoint - Victoria's Secret & Co. is set to release its third quarter 2025 earnings on December 5, 2025, with a live conference call scheduled for 8:30 a.m. ET to discuss the results [1][2]. Company Overview - Victoria's Secret & Co. (NYSE: VSCO) is a specialty retailer offering modern, fashion-inspired collections, including bras, lingerie, apparel, and fragrances, with a commitment to empowering over 30,000 associates across more than 1,400 retail stores in nearly 70 countries [3].

Core Viewpoint - Victoria's Secret has responded to BBRC's public letter, emphasizing significant momentum under new CEO Hillary Super, with total shareholder returns of 89% since her appointment, outperforming the S&P 1500 Specialty Retail Index by 78% and peers by 91% [1] Group 1: BBRC's Position - BBRC claims to have attempted multiple times over the last two years to engage with the board regarding critical issues and potential solutions [2] - BBRC has initiated calls, meetings, and email exchanges with the board to communicate their views and address long-term problems with the company's direction [3] - BBRC seeks the removal of the long-tenured board chair and the appointment of a stockholder representative to restore confidence in the board [3] Group 2: Proposed Changes - BBRC argues that a new, independent chair would drive value for employees, customers, and stockholders, and a strengthened board would effectively oversee the company [4] - BBRC believes that adding a stockholder to the board will enhance investor confidence and align the board's interests with those of the stockholders [4] - Victoria's Secret is currently vetting BBRC's Brett Blundy as a candidate for the board and evaluating other demands from BBRC [4] Group 3: Board Engagement - Victoria's Secret asserts that the board has engaged extensively with BBRC, including meetings with Mr. Blundy and other representatives over the past three years [5][6] - Mr. Blundy presented at a board meeting in September 2025, where he made demands for his appointment to the board and proposed extensive changes to board and committee composition [6]

Core Viewpoint - Brett Blundy, a billionaire investor, is interested in joining the board of Victoria's Secret & Co. but faces obstacles due to the board's concerns about conflicts of interest and competitive issues [1][2]. Group 1: Blundy's Involvement and Intentions - Blundy's BBRC International owns 12.9% of Victoria's Secret and he has been attempting to influence the company since his initial investment in 2022 [1][2]. - He has communicated with the board through calls, meetings, and emails, expressing his views on the company's direction and seeking to address long-term issues [3]. - Blundy aims to join the board and replace chair Donna James, citing concerns over the board's oversight and management capabilities [4]. Group 2: Board's Response and Performance - The board claims to have engaged extensively with BBRC and highlights an 89% increase in stock price since the appointment of CEO Hillary Super [7]. - The board previously considered Blundy for a director position in late 2023 and early 2024 [7]. - In response to Blundy's demands, the board initiated a renewed evaluation of his candidacy, citing the need for additional due diligence due to potential conflicts of interest and past conduct issues [9]. Group 3: Ongoing Evaluation and Future Actions - The board's evaluation of Blundy's candidacy is ongoing, and they have not yet made a decision regarding his appointment [10]. - Blundy has indicated that if the board does not change its approach, he plans to attempt to replace directors at the next annual meeting [6].