Victoria's Secret raised its full-year forecast following first-quarter results that exceeded its own guidance. Adjusted earnings per share came in at 60 cents, well above the prior outlook of 20 to 30 cents, while net sales rose 15.3% to $1.56 billion, topping the guided range. The company now expects fiscal 2026 net sales of $7.03 billion to $7.13 billion and adjusted operating income of $550 million to $580 million, up from earlier projections. International sales surged 44.9%, and the adjusted gross margin improved to 37.6%. Shares have slipped 1.6% since the report, underperforming the S&P 500.
Victoria's Secret & Coraised fiscal 2026 outlook after strong Q1 earnings beat
Capri Holdings Ltd