VSCO raises full-year sales and earnings guidance after reporting $1.56B in Q1 revenue, up 15.3% year-over-year.
Victoria’s Secret & Co. (VSCO) posted first-quarter earnings and revenue well above Wall Street expectations, driving shares up as much as 50% to briefly exceed $80. Net sales reached $1.56 billion, a 15.3% year-over-year increase, surpassing analyst estimates of $1.52 billion. Comparable sales rose 13% from the prior year period.
Adjusted earnings per share hit $0.60, far above the expected range of $0.29 to $0.32. Net income swung to $48 million, or $0.56 per diluted share, from a $2 million loss in the same quarter last year. Operating income climbed to $76 million from $20 million, with adjusted operating income at $80 million, exceeding prior guidance of $32 million to $42 million.
The company lifted its full-year 2026 outlook, now projecting net sales of $7.03 billion to $7.13 billion, up from $6.85 billion to $6.95 billion. Adjusted earnings guidance was raised to $4.35 to $4.60 per share, compared with $3.20 to $3.45 previously.