Jul 2026 (Q2 FY27) — Sep 3, 2026
Victoria's Secret Q2 FY27 — Strong Growth Across Brands and Channels, Raised Full-Year Outlook
Read the full callVictoria's Secret earnings: last reported Thu, 3 Sep 2026, for the quarter ended Jul 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,611 | +10.4% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 15.9 | +13.1 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 183 | +1043.8% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Price
1Y: $30.28 on 17 Oct 2025 → $89.98. High $99.97 (10 Aug 2026), low $30.28 (17 Oct 2025).
Overview
Call summaries
Victoria's Secret Q2 FY27 — Strong Growth Across Brands and Channels, Raised Full-Year Outlook
Read the full callEvery analysed call
Financials
Net profit, year on year: +1044% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Jan 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,347 | 2,107 | 1,353 | 1,459 | 1,472 | 2,269 | 1,560 | 1,611 |
| Operating profit | -47 | 269 | 20 | 41 | -19 | 229 | 76 | 257 |
| Operating margin | −3.5% | 12.8% | 1.5% | 2.8% | −1.3% | 10.1% | 4.9% | 15.9% |
| Interest | 22 | 21 | 17 | 18 | 18 | 17 | 15 | 15 |
| Net profit | -56 | 193 | -2 | 16 | -37 | 184 | 48 | 183 |
| EPS ($ per share) | -0.71 | — | -0.02 | 0.20 | -0.46 | — | 0.59 | 2.29 |
| Line item | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 1 | 1 | 1 | 1 | 1 |
| Reserves | — | 0 | 126 | 186 | 178 | 343 | 504 |
| Total liabilities | — | 3,338 | 4,087 | 4,310 | 4,162 | 3,868 | 4,103 |
| Fixed assets | — | 1,078 | 957 | 846 | 843 | 774 | 731 |
| Total assets | — | 4,229 | 4,344 | 4,711 | 4,600 | 4,532 | 5,013 |
| Line item | Feb 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 315 | 674 | 851 | 437 | 389 | 425 | 499 |
| Cash from investing | -243 | -123 | -169 | -555 | -254 | -153 | -184 |
| Cash from financing | -192 | -465 | -527 | 58 | -291 | -315 | -24 |
| Net cash flow | -124 | 90 | 155 | -63 | -157 | -43 | 291 |
| Capital expenditure | -225 | -127 | -169 | -164 | -256 | -178 | -187 |
| Free cash flow | 90 | 547 | 682 | 273 | 133 | 247 | 312 |
| Segment | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|
| Reportable | 100% | 100% | 100% | 100% | 100% | +10.4% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Q2 FY2027 · share of revenue
As VSXY cuts its regions in its filings; they can nest, so they need not add to 100%.
34 filings between Oct 31, 2025 and Oct 7, 2026.
Purchases
$129.6K
2 purchases by 2 insiders
Sales
$212.76M
9 sales by 2 insiders
22% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| BBRC INTERNATIONAL PTE LTD | — | $212.35M | Jul 28, 2026 |
| McAfee Melinda R. | — | $410.0K | Oct 5, 2026 |
| JAMES DONNA | $100.6K | — | Apr 2, 2026 |
| Sheehan Anne | $29.0K | — | Apr 2, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 7, 2026 | Super Hillary Chief Executive Officer | Tax withheld | 38,991 | $3.35M |
| Oct 5, 2026 | MARTIN-FLICKINGER GERRI Director | Award | 1,391 | $0 |
| Oct 5, 2026 | McAfee Melinda R. Chief Legal & Compliance Ofcr | Sale 10b5-1 plan | 3,100 | $283.1K |
| Oct 5, 2026 | McAfee Melinda R. Chief Legal & Compliance Ofcr | Sale 10b5-1 plan | 1,400 | $126.9K |
| Sep 2, 2026 | Sekella Scott Chief Financial & Op. Officer | Tax withheld | 1,519 | $128.8K |
| Jul 28, 2026 | BBRC INTERNATIONAL PTE LTD 10% owner | Sale | 718,007 | $63.96M |
| Jul 28, 2026 | BBRC INTERNATIONAL PTE LTD 10% owner | Sale | 1,791 | $162.3K |
| Jul 28, 2026 | BBRC INTERNATIONAL PTE LTD 10% owner | Sale | 79,122 | $7.10M |
| Jul 22, 2026 | BBRC INTERNATIONAL PTE LTD 10% owner | Sale | 289,479 | $25.73M |
| Jun 26, 2026 | BBRC INTERNATIONAL PTE LTD 10% owner | Sale | 276,171 | $24.44M |
| Jun 11, 2026 | Britt Irene Chang Director | Award | 1,738 | $0 |
| Jun 11, 2026 | Davis Sarah R. Director | Award | 1,706 | $0 |
| Jun 11, 2026 | Hernandez Jacqueline Director | Award | 1,706 | $0 |
| Jun 11, 2026 | JAMES DONNA Director | Award | 2,690 | $0 |
| Jun 11, 2026 | LITTLE ROD R Director | Award | 1,579 | $0 |
| Jun 11, 2026 | McCreight David W. Director | Award | 1,706 | $0 |
| Jun 11, 2026 | PETERS LAUREN B Director | Award | 1,706 | $0 |
| Jun 11, 2026 | Sheehan Anne Director | Award | 1,706 | $0 |
| Jun 4, 2026 | BBRC INTERNATIONAL PTE LTD 10% owner | Sale | 27,758 | $2.22M |
| Jun 2, 2026 | BBRC INTERNATIONAL PTE LTD 10% owner | Sale | 1,107,672 | $88.74M |
| Jun 2, 2026 | Preis Elizabeth Chief Marketing & Cust Officer | Tax withheld | 5,614 | $449.5K |
| Apr 2, 2026 | JAMES DONNA Director | Purchase | 2,175 | $100.6K |
| Apr 2, 2026 | Sheehan Anne Director | Purchase | 633 | $29.0K |
| Mar 19, 2026 | Sekella Scott Chief Fin. & Operating Officer | Award | 30,765 | $0 |
| Mar 19, 2026 | Borgonovo Lucrecia Chief People Officer | Award | 13,444 | $0 |
| Mar 19, 2026 | McAfee Melinda R. Chief Legal & Compliance Ofcr | Award | 16,546 | $0 |
| Mar 19, 2026 | McAfee Melinda R. Chief Legal & Compliance Ofcr | Tax withheld | 13,445 | $650.1K |
| Mar 19, 2026 | Super Hillary Chief Executive Officer | Award | 80,662 | $0 |
| Mar 19, 2026 | Super Hillary Chief Executive Officer | Tax withheld | 23,294 | $1.13M |
| Mar 19, 2026 | Preis Elizabeth Chief Marketing Officer | Award | 24,819 | $0 |
| Mar 16, 2026 | McAfee Melinda R. Chief Legal & Compliance Ofcr | Tax withheld | 11,679 | $526.1K |
| Feb 19, 2026 | McAfee Melinda R. Chief HR Off & Chief Legal Off | Award | 20,256 | $0 |
| Feb 3, 2026 | Sekella Scott Chief Fin. & Operating Officer | Tax withheld | 2,061 | $123.6K |
| Oct 31, 2025 | McAfee Melinda R. Chief HR Off & Chief Legal Off | Tax withheld | 2,221 | $78.3K |
| Oct 7, 2025 | Super Hillary Chief Executive Officer | Tax withheld | 39,045 | $1.11M |
| Sep 2, 2025 | Sekella Scott Chief Fin. & Operating Officer | Award | 11,161 | $0 |
| Jun 18, 2025 | Hernandez Jacqueline Director | Award | 7,304 | $0 |
| Jun 18, 2025 | Britt Irene Chang Director | Award | 7,440 | $0 |
| Jun 18, 2025 | Davis Sarah R. Director | Award | 7,304 | $0 |
| Jun 18, 2025 | JAMES DONNA Director | Award | 12,739 | $0 |
| Jun 18, 2025 | LITTLE ROD R Director | Award | 6,761 | $0 |
| Jun 18, 2025 | McCreight David W. Director | Award | 7,304 | $0 |
| Jun 18, 2025 | Naficy Mariam Director | Award | 6,625 | $0 |
| Jun 18, 2025 | PETERS LAUREN B Director | Award | 7,440 | $0 |
| Jun 18, 2025 | Sheehan Anne Director | Award | 7,304 | $0 |
| Jun 2, 2025 | Preis Elizabeth Chief Marketing Officer | Award | 34,806 | $0 |
| Apr 3, 2025 | BBRC INTERNATIONAL PTE LTD 10% owner | Purchase | 212,500 | $3.43M |
| Mar 28, 2025 | BBRC INTERNATIONAL PTE LTD 10% owner | Purchase | 584,000 | $10.79M |
| Mar 27, 2025 | BBRC INTERNATIONAL PTE LTD 10% owner | Purchase | 124,326 | $2.42M |
| Mar 26, 2025 | BBRC INTERNATIONAL PTE LTD 10% owner | Purchase | 85,145 | $1.66M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Free account. Everything above stays public.
Write why you follow Victoria's Secret & Co. and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading