Earnings Call

Victoria’s Secret & Co. Q2 FY2027 Earnings Call

With Hillary Super (CEO), Scott Sekella (Chief Financial and Operating Officer), Elizabeth Preis (Chief Marketing and Customer Officer) and 1 more.

VSCO
Fiscal Q2 2027
September 3, 2026
46 min read
9 questions

Victoria’s Secret & Co. (NYSE: VSXY) is a specialty retailer of modern, fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear, athleisure and swim, as well as award-winning prestige fragrances and body care.

More about Victoria’s Secret & Co.

VS&Co is comprised of market leading brands, Victoria’s Secret and Victoria’s Secret PINK, that share a common purpose of supporting women in all they do, and Adore Me, a technology-led, digital-first innovative intimates brand serving women of all sizes and budgets at all phases of life. We are committed to empowering our nearly 30,000 associates across a global footprint of more than 1,350 retail stores in nearly 70 countries. We strive to provide the best products to help women express their confidence, sexiness and power and use our platform to create connection and community while celebrating the extraordinary diversity of women’s experiences.

1Prepared remarks3 speakers

Operator Good morning. My name is Amanda, and I will be your conference operator today. At this time, I would like to welcome everyone to the Victoria's Secret & Company second quarter 2026 earnings conference call. Please be advised that today's conference is being recorded. All parties will remain in a listen-only mode until the question-and-answer session of today's call. I would now like to turn the call over to Kevin Wynk, Global Controller at Victoria's Secret & Company. Kevin, you may begin.
Kevin WynkGlobal Controller

Thanks, Amanda. Good morning and welcome to Victoria's Secret & Company second quarter earnings conference call for the period ended August 1st, 2026. Joining me on the call today is Chief Executive Officer, Hillary Super, Chief Financial and Operating Officer, Scott Sekella, and Chief Marketing and Customer Officer, Elizabeth Preis. We are available today for approximately 30 minutes to answer any questions. I would like to remind you that any forward-looking statements we may make today are subject to our safe…

Hillary SuperCEO

Good morning, and thank you for joining us. Q2 was another strong quarter for Victoria's Secret. Net sales increased 10% year-over-year, near the high end of our guidance, and operating income and earnings per share exceeded the high end of our guidance. This marked our fifth consecutive quarter of positive comps, giving us further confidence in the progress we are making. The bigger story is what sits underneath those results. When I joined Victoria's Secret two years ago, I saw iconic brands with deep emotional…

Scott SekellaChief Financial and Operating Officer

Thanks, Hillary, and thank you everyone for joining today's call. We are very pleased to report second quarter results with operating income and earnings per share well above the high end of our guidance and net sales near the high end of our expectations, fueled by strong North America and international performance. As Hillary mentioned, our Path to Potential strategy continues to deliver. Accelerating brand heat is translating into customer growth across the portfolio, and we are seeing healthy, regular priced…

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