By Connor Hart
Victoria's Secret narrowed its loss and logged higher-than-expected sales in its fiscal first quarter, boosted by what Chief Executive Hillary Super called continued momentum across multiple banners.
The lingerie retailer on Wednesday reported a loss of $1.66 million, or 2 cents a share, for its 13 weeks ended May 3, compared with a loss of $3.64 million, or 5 cents a share, in the same period last year.
Adjusted per-share earnings came in at 9 cents, topping the 4 cents that analysts polled by FactSet expected.
Sales edged 0.5% lower to $1.35 billion but came in ahead of analyst models for $1.33 billion.
Super was pleased with the company's performance in March and April, during which time she noted ongoing strength across its beauty and Pink businesses. The quarter also benefited from new sport and swim products, she said.
"Though we recognize the macro environment is uncertain, we will continue to be disciplined in controlling costs and will remain agile, reading and reacting to what the customer is telling us to ensure we are building upon our solid foundation and realizing the full potential of our globally recognized brands," Chief Financial Officer Scott Sekella said.
For the current quarter, Victoria's Secret guided for adjusted per-share earnings of 0 cents to 15 cents on sales of $1.38 billion to $1.41 billion. Analysts polled by FactSet expect adjusted earnings of 30 cents a share on sales of $1.42 billion.
The company backed its full-year sales outlook of $6.2 billion to $6.3 billion. However, it lowered its adjusted operating income outlook to $270 million to $320 million from $300 million to $350 million, reflecting a net tariff impact of about $50 million.
Wall Street modeled sales of $6.23 billion, as well as adjusted operating income of $316.3 million for the year.
Victoria's Secret was initially scheduled to release its fiscal first-quarter results last week; however, the company postponed its report following a security incident involving its information-technology systems that disrupted operations.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
June 11, 2025 07:37 ET (11:37 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.