The retailer now expects net sales of $7.03bn-$7.13bn for FY26, up from prior guidance of $6.85bn-$6.95bn.
Victoria’s Secret lifted its full-year 2026 net sales outlook to $7.03bn-$7.13bn, above the previous $6.85bn-$6.95bn range, after first-quarter results exceeded expectations. Adjusted operating income guidance was also raised to $550m-$580m from $430m-$460m.
First-quarter net sales rose 15% year-on-year to $1.56bn, surpassing the $1.49bn-$1.53bn guidance range. Comparable sales grew 13%, while operating income jumped to $76m from $20m in the prior-year period. Net income reached $48m, or $0.56 per share, reversing a $2m loss last year.
The company cited double-digit growth across Victoria’s Secret, PINK, and Beauty segments, along with a fourth consecutive quarter of positive comparable sales. Results build on momentum from the second half of FY25, where revenue and profit also exceeded forecasts.