Victoria's Secret raises forecasts after strong second quarter growth

US lingerie retailer Victoria’s Secret & Co. achieved significant growth in sales and earnings in the second quarter of the 2026/27 financial year. In light of this recent positive development, management raised its full-year forecast on Thursday.

In the 13 weeks to August 1, the parent company of the Victoria’s Secret, Pink and Adore Me brands generated sales of 1.61 billion US dollars. This was a 10.4 percent increase on the same quarter last year and was at the upper end of the forecast range. On a like-for-like basis, revenues rose by 9 percent.

Lingerie retailer's quarterly profit increases more than tenfold

Operating profit increased even more significantly, jumping from 41.0 million to 256.6 million US dollars. The group benefited from a refund of overpaid customs duties amounting to almost 136 million US dollars.

Adjusted for special items, the operating result amounted to 124.0 million US dollars. This was more than double the figure for the same quarter of the previous year, which was only 55.1 million US dollars, and was well above forecasts. Net profit attributable to shareholders increased from 16.2 million to 183.0 million US dollars.

The current results prompted management to raise its forecasts for the full financial year. Sales are now expected to be in the range of 7.10 to 7.18 billion US dollars, up from the previous target of 7.03 to 7.13 billion US dollars. The target for adjusted operating profit, which was previously between 550 and 580 million US dollars, has been raised to between 560 and 590 million US dollars.