Victoria’s Secret $VSXY rises 40% as Q1 EPS doubles guidance midpoint

Victoria's Secret $VSXY moved about 40% after a Q1 report that beat both the income statement and the outlook line. In its June 2 release, the company reported net sales of $1.560B, up 15.3% from $1.353B a year earlier and above its prior $1.490B-$1.525B guidance range.

The earnings surprise was larger than the sales beat. Adjusted EPS was $0.60, double the midpoint of the company's $0.20-$0.30 guidance range. Adjusted operating income was $80M, compared with the prior guide of $32M-$42M and $31.7M a year earlier. Comparable sales increased 13%, with stores-only comps up 10%.

Guidance turned the report into a Tier-1 stock move. Victoria's Secret raised FY2026 net-sales guidance to $7.030B-$7.130B from $6.850B-$6.950B. It also raised adjusted operating-income guidance to $550M-$580M from $430M-$460M. The company repurchased 2.2M shares for $100M during Q1 at an average price of $45.27.

The stock reaction matters because the retailer had changed its NYSE ticker to $VSXY on June 2, the same day it reported results. Investors will next test whether Q2 net-sales guidance of $1.590B-$1.615B and operating-income guidance of $90M-$100M can hold if tariff and consumer-confidence pressure persists.

Not investment advice. Verify all figures with primary sources before acting.