Victoria's Secret & Co. second quarter 2026 adjusted EPS of $0.95 beat estimates as guidance was raised

Victoria's Secret & Co. reported second quarter 2026 net sales of $1.611 billion, representing a 10% increase year-over-year. While revenue was slightly below consensus estimates, the company delivered a significant beat on adjusted earnings and raised its full-year 2026 outlook for both sales and operating income.

Key Highlights

• Adjusted EPS of $0.95 outperformed the analyst estimate of $0.78, driven by stronger regular-price selling.
• Total comparable sales grew 9% during the quarter, supported by momentum in the North American and International segments.
• Full-year 2026 net sales guidance was increased to a range of $7.100 billion to $7.180 billion, up from the prior range of $7.030 billion to $7.130 billion.
• The company received $140 million in IEEPA tariff refunds during the quarter, which significantly boosted GAAP results but were excluded from adjusted metrics.