Victoria's Secret & Co. has reported its financial results for the second quarter of 2025. The company saw a 4% increase in comparable sales, excluding the impact of a recent security incident, compared to the same period in 2024. In the stores channel, this growth was driven by increases in average transaction value and conversion for Victoria's Secret and PINK brands, although store traffic remained flat. The international channel experienced a significant 22% rise in net sales compared to the second quarter of 2024. Operating income for the second quarter of 2025 decreased by $21 million, totaling $41 million, compared to the same quarter in 2024. However, the adjusted net income attributable to Victoria's Secret & Co. was $27 million, compared to a reported net income of $16 million under GAAP. This adjustment accounts for non-recurring, infrequent, or unusual items. Overall, the company's performance reflects continued growth despite challenges, with notable improvements in international sales and a stable performance in domestic markets.