Victoria’s Secret & Co (NYSE:VSCO) reported fourth-quarter results that exceeded Wall Street expectations and issued an optimistic forecast, but the company’s shares declined in premarket trading.
The retailer posted earnings per share of $2.77 for the fourth quarter, surpassing analysts’ forecasts of $2.47. Revenue reached $2.27 billion, also topping the consensus estimate of $2.22 billion.
Comparable sales rose 8% during the quarter, while comparable sales for the full year increased 5%.
Adjusted operating income for the fourth quarter of 2025 totaled $316 million, coming in above the company’s previously issued guidance.
“We delivered an exceptional fourth quarter and a standout year, exceeding top- and bottom-line guidance with broad based outperformance across brands, channels and geographies,” said Hillary Super, CEO of Victoria’s Secret.
“We enter fiscal 2026 from a position of strength,” she added.
Looking ahead, Victoria’s Secret expects first-quarter revenue to range between $1.49 billion and $1.525 billion, ahead of the consensus estimate of $1.42 billion. At those sales levels, the company projects operating income for the first quarter of fiscal 2026 between $32 million and $42 million.
For the full fiscal year, the company forecast revenue of $6.85 billion to $6.95 billion, compared with analysts’ expectations of $6.77 billion. Victoria’s Secret also said it anticipates operating income for fiscal 2026 to fall between $430 million and $460 million.