The retailer raised its full-year revenue outlook to $7.03 billion-$7.13 billion after exceeding first-quarter earnings estimates.
Victoria’s Secret reported stronger-than-expected first-quarter earnings, prompting an upward revision of its full-year sales guidance. The company now expects revenue between $7.03 billion and $7.13 billion, up from the previous range of $6.85 billion to $6.95 billion. Lower tariff costs and reduced promotions drove the beat, with double-digit sales growth across segments including bras, digital, and international markets.
Analysts had anticipated a softer print amid broader retail pressures, but Victoria’s Secret cited consistent demand, particularly among younger shoppers aged 18 to 24. Comparable sales rose across all channels, with bras acting as a key growth driver. The company noted only a modest impact from tax refunds, suggesting underlying strength in consumer spending.
Shares surged 40% following the announcement, reflecting investor confidence in the revised outlook and execution strategy.