Victoria's Secret beats by $0.25, beats on revs; guides Q1 revs above consensus; guides FY27 revs above consensus
- Reports Q4 (Jan) earnings of $2.77 per share, $0.25 better than the FactSet Consensus of $2.52; revenues rose 7.8% year/year to $2.27 bln vs the $2.23 bln FactSet Consensus.
- Comparable sales increased 8% in the fourth quarter and 5% for the full year
- Co issues upside guidance for Q1, sees Q1 revs of $1.49-1.53 bln vs. $1.42 bln FactSet Consensus.
- At this forecasted level of net sales, operating income for the first quarter of 2026 is expected to be in the range of $32 million to $42 million compared to adjusted operating income of $32 million for the first quarter of 2025.
- Co issues upside guidance for FY27, sees FY27 revs of $6.85-6.95 bln vs. $6.77 bln FactSet Consensus.
- At this forecasted level of net sales, operating income for fiscal year 2026 is expected to be in the range of $430 million to $460 million compared to fiscal year 2025 adjusted operating income of $403 million.