Victoria's Secret & Co. Q3 net sales rise 9% to USD 1.5 billion
Victoria's Secret & Co. (VS&Co) reported net sales of USD 1.47 billion for the third quarter (Q3) ended November 1, 2025, representing a 9% increase compared to the prior year. The company stated that operating results and earnings exceeded expectations for the period. VS&Co also raised its full-year 2025 guidance for net sales, operating income, and earnings. The growth in Q3 net sales was attributed to strength across the Victoria's Secret, PINK, and Beauty brands, with gains across channels and geographies. The company achieved an adjusted gross margin expansion of 170 basis points in the quarter, supported by reduced promotional activity and higher regular-priced sales.
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