Victoria’s Secret & (VSCO) - 2026 Q3 - Earnings Call Presentation

Financial Performance - Q3 2025 - Net sales increased by 9%, driven by growth across Victoria's Secret, PINK, and Beauty[4] - International net sales surged by 34%[4] - Adjusted gross margin improved by 170 basis points to 365%[4,7] - Adjusted operating income reached $0 million, exceeding the guidance of an adjusted operating loss of ($35 million) - ($55 million)[4] - Adjusted EPS was reported at ($027), surpassing the guidance of ($055) - ($075)[6] Financial Performance - Year-to-Date 2025 - Net sales increased by 4% to $42836 million[9] - Operating income increased by 18% to $868 million[9] - Net income attributable to Victoria's Secret & Co increased by 1036% to $125 million[9] - Net income per diluted share attributable to Victoria's Secret & Co increased by 1400% to $015[9] Outlook - The company anticipates full-year net sales to be approximately $645 billion to $648 billion[14] - The company anticipates full-year adjusted operating income to be approximately $350 million to $375 million[14]