1. Victoria’s Secret & Co. (NYSE:VSXY)
Victoria’s Secret bounced back on Tuesday to hit a new all-time high, after posting stellar earnings in the first quarter of the year and raising its growth outlook for the full-year period.
In intra-day trading, the stock jumped to its highest price of $81.25 before trimming gains to finish the session just up by 47.07 percent at $79.76 apiece.
In its earnings call on the same day, Victoria’s Secret & Co. (NYSE:VSXY) said that it swung to an attributable net income of $47.69 million during the period from a $1.6 million attributable net loss in the same quarter last year.
Net sales amounted to $1.56 billion, marking a 15.3 percent jump from the $1.353 billion year-on-year, and exceeding its earlier guidance of $1.49 billion to $1.525 billion.
Total comparable sales also increased by 13 percent.
“Our first quarter results reflect disciplined execution across the business, including broad-based gross margin improvement, driven by higher regular-price selling, reduced promotions, and leveraging our buying and occupancy expenses, all despite tariff headwinds,” said Victoria’s Secret & Co. (NYSE:VSXY) Chief Financial and Operating Officer Scott Sekella.
“Given our strong first quarter performance and continued momentum in the business, we are raising our fiscal 2026 outlook and remain confident in our ability to drive profitable growth,” he added.
Following the results, Victoria’s Secret & Co. (NYSE:VSXY) raised its net sales growth outlook for the full-year period to a range of $7.03 billion to $7.13 billion, versus $6.85 billion to $6.95 billion previously. The higher figures would imply a 7 to 8.8 percent jump from the $6.553 billion last year.
For the second quarter alone, net sales are expected to be $1.59 billion to $1.615 billion, or growth of 9 to 10.6 percent as compared with $1.459 billion in the same period last year.
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