Victoria’s Secret (lingerie) closed the second quarter of 2026 with net sales of $1.611 billion, up 10% compared to last year and 9% on a comparable basis, but slightly lower than the $1.62 billion estimated by the market.
Operating profit at 257 million
Operating income rebounded to $257 million from $41 million a year ago, while net income reached $183 million, or $2.18 per share, from $16 million reported a year ago. In the second quarter, the company received refunds of more than $140 million related to tariffs, which were excluded from adjusted results.
If extraordinary items are not considered, adjusted net profit stood at $80 million, or $0.95 per share, above the guidance range and above the $0.77 consensus estimate of analysts contacted by FactSet.
Forecasts over 7 billion
Looking ahead, Victoria’s Secret now expects net sales of $7.1 billion to $7.18 billion, up from previously reported guidance of $7.03 billion to $7.13 billion. Adjusted operating profit is expected between 560 and 590 million dollars, up from the previous range of 550 and 580 million dollars. In the third quarter, sales are expected to be between $1.57 and $1.6 billion, while operating profit is expected between $10 and $20 million.