Victoria’s Secret jumps 47% after lifting 2026 sales, profit outlook
What’s new: First-quarter revenue rose 15% to $1.56 billion, and the retailer now sees up to $580 million in adjusted operating income.
Victoria’s Secret shares surged 47% Tuesday after the lingerie retailer raised its full-year sales and profit forecasts following stronger-than-expected first-quarter results. The company posted adjusted earnings of 60 cents a share on revenue of $1.56 billion for the quarter ended May 2, beating Wall Street estimates of 30 cents and $1.52 billion. Sales rose 15%, marking a fourth straight quarter of growth. Victoria’s Secret now expects fiscal 2026 net sales of $7.03 billion to $7.13 billion, up from a prior range of $6.85 billion to $6.95 billion, and adjusted operating income of $550 million to $580 million. CEO Hillary Super has pushed fewer discounts and a sharper brand message as the company tries to reverse years of declines.