Victoria's Secret & Co. (NYSE: VSCO) has provided preliminary results for the first quarter of 2025, indicating that net sales are expected to be $1.35 billion, which is higher than the previously guided range of $1.30 billion to $1.33 billion. Adjusted operating income for the first quarter is projected to be $32 million, significantly surpassing the initial guidance of $10 million to $30 million. Additionally, the adjusted net income per diluted share is anticipated to be $0.09, substantially exceeding the earlier range of ($0.10) to $0.10.
The company experienced a security incident involving its information technology systems on May 24, 2025, which prompted the temporary shutdown of its corporate systems and e-commerce website on May 26, 2025. Despite the disruption caused by the incident, it did not impact the financial results for the first quarter of fiscal 2025.
Victoria's Secret & Co. is currently assessing the full scope and impact of the security incident and is being overseen by the audit committee of the board of directors. The company acknowledged that it may incur expenses and other financial impacts related to the incident, which could potentially affect its future financial results, including for the second quarter of fiscal 2025.
Victoria's Secret & Co. is a specialty retailer of modern, fashion-inspired collections, including signature bras, panties, lingerie, apparel, casual sleepwear, swim, lounge, and sport, as well as prestige fragrances and body care. The company operates under the brands Victoria's Secret, Pink, and Adore Me, and has a global footprint of approximately 1,380 retail stores in nearly 70 countries. Today the company's shares have moved -0.72% to a price of $20.68. Check out the company's full 8-K submission here.
