Victoria's Secret & Co. logo VSCO - Victoria's Secret & Co.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 9
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $57.67 DETAILS
HIGH: $66.00
LOW: $47.00
MEDIAN: $57.50
CONSENSUS: $57.67
UPSIDE: 5.55%
Metric 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 2,269.8 1,472 1,459 1,353 2,106 1,347 1,417 1,359 2,083 1,265 1,427 1,407 2,021 1,318 1,521 1,484 2,176 1,441 1,614 1,554 2,100 1,353 1,066 894
Cost of Revenue 1,414.8 936 940 879 1,293 879 916 858 1,257 838 940 905 1,277 861 986 962 1,323 876 944 882 1,199 856 914 873
Gross Profit 855.0 536 519 474 813 468 501 501 826 427 487 502 744 457 535 522 853 565 670 672 901 497 152 21
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 626.0 555 478 454 545.7 515 439 475 567 494.5 460.5 474 500 414 437 428 519 457.2 466.9 446 513 370 395 394
Other Expenses 0 0 0 0 0.0 0 0 0 0 0 (0.1) 0 0 0 0 0 1.5 0.6 (0.9) 0 2 1 0 0
Operating Expenses 626.0 555 478 454 545.7 515 439 475 567 494.5 460.5 474 500 414 437 428 520.0 457.2 466.9 446 513 370 395 394
Operating Income
Operating Income 229.0 (19) 41 20 268 (47) 62 26 259 (67) 26.0 28 244 43 98 94 334 108 203 226 388 127 (243) (373)
Interest Expense 16.8 18 17.8 17.1 20 22 21 22 27 26 24.0 22 19 15 13 12 11 12 3 1 1 1 1 2
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 229.0 41 105.1 85 330.7 15 126 92 327 3 97 101 311 113 166 160 404 184 280 306 466 207 (163) (285)
EBIT 229.0 (19) 42.1 23 263.2 (48) 62 27 259 (68) 25 28 245 45 96 90 334 109 202 226 390 128 (244) (375)
Income Before Tax 215.4 (37) 24 6 244 (70) 41 5 232 (93) 2 6 226 30 83 78 323 97 199 225 389 127 (245) (377)
Income Tax Expense 16.0 (6) 6 3 50 (15) 9 8 48 (22) 3 2 54 8 16 2 76.9 22 47.9 51 106 (16) (45) (78)
Net Income 183.6 (37) 16.2 (2) 193.4 (56) 32 (4) 181 (71) (1) 1 173 24 70 81 246.1 75.2 151.1 174 283 143 (200) (299)
Per Share Data
EPS (Basic) 2.14 -0.46 0.21 -0.03 2.33 -0.71 0.41 -0.05 2.29 -0.92 -0.01 0.01 2.16 0.29 0.85 0.97 2.89 0.85 1.71 1.90 3.09 1.56 -2.26 -3.26
EPS (Diluted) 2.14 -0.46 0.20 -0.03 2.33 -0.71 0.40 -0.05 2.29 -0.92 -0.01 0.01 2.10 0.29 0.83 0.93 2.70 0.81 1.71 1.90 3.09 1.56 -2.18 -3.26
Shares Outstanding 85.8 81 79 79 79 79 78 78 78.9 77 77 78 80 82.6 82 84 85 88 88 91.6 92.5 91.6 91.6 92.5
Metric 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Current Assets
Cash & Cash Equivalents 518 249 188 138 227 161 169 105 270 124 131 132 427 126 201 204 490 331 293 332 335 189 165 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 186 190 166 153 159 163 158 152 152 139 140 126 141 184 149 152 162 145 99 113 121 135 118 0
Inventory 1,071 1,377 1,058 1,043 0 1,290 1,019 987 985 1,211 1,040 1,041 1,052 1,242 1,086 1,046 949 1,019 745 761 701 981 923 0
Other Current Assets 108 129 127 121 1,055 172 142 149 126 162 167 136 117 157 116 112 90 114 690 54 56 78 78 0
Total Current Assets 1,883 1,945 1,539 1,455 1,441 1,786 1,488 1,393 1,533 1,636 1,478 1,435 1,737 1,709 1,552 1,514 1,691 1,609 1,827 1,299 1,239 1,383 1,284 245
Non-Current Assets
Property, Plant & Equipment 2,362 2,361 2,389 2,297 2,255 2,278 2,283 2,121 2,194 2,182 2,169 2,079 2,078 2,083 2,162 2,200 2,326 2,424 2,512 2,638 2,668 2,850 2,967 0
Goodwill 367 367 367 367 367 367 367 367 367 365 365 368 365 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 246 80 85 369 376 100 388 394 400 407 413 420 426 246 246 246 246 246 246 246 246 246 246 0
Long-Term Investments 53 48 46 44 47 61 62 60 60 56 55 0 0 52 57 54 35 32 32 32 35 36 32 36
Other Non-Current Assets 37 311 307 25 24 310 28 29 26 26 29 87 87 32 34 34 29 48 29 19 21 21 24 (245)
Total Non-Current Assets 3,130 3,189 3,216 3,125 3,091 3,135 3,147 2,991 3,067 3,051 3,047 2,970 2,974 2,433 2,520 2,551 2,653 2,760 2,831 2,948 2,990 3,234 3,331 (245)
Total Assets 5,013 5,134 4,755 4,580 4,532 4,921 4,635 4,384 4,600 4,687 4,525 4,405 4,711 4,142 4,072 4,065 4,344 4,369 4,658 4,247 4,229 4,617 4,615 0
Current Liabilities
Account Payables 493 546 480 423 419 464 475 412 513 449 529 388 481 397 490 443 538 560 371 366 338 548 494 0
Short-Term Debt 299 4 4 4 4 4 4 4 4 4 4 4 4 4 326 303 4 324 0 0 0 454 467 0
Deferred Revenue 248 0 0 241 256 276 271 284 295 267 263 266 291 210 218 217 250 205 210 220 246 204 205 0
Other Current Liabilities 255 646 600 116 111 269 256 248 260 136 252 128 140 296 2 101 312 65 176 201 211 271 279 0
Total Current Liabilities 1,507 1,491 1,345 1,256 1,375 1,526 1,494 1,435 1,614 1,368 1,407 1,369 1,579 1,332 1,445 1,451 1,698 1,598 1,435 1,444 1,556 1,701 1,610 0
Non-Current Liabilities
Long-Term Debt 971 2,898 1,048 1,078 973 1,414 1,119 1,119 1,120 1,530 1,270 1,271 1,271 1,244 977 977 978 978 689 97 97 87 89 0
Deferred Tax Liabilities 5 13 14 16 11 38 40 42 37 60 61 62 53 59 60 63 58 107 70 45 19 0 0 0
Other Non-Current Liabilities 35 (1,518) 74 75 75 62 47 44 64 196 185 197 206 29 32 28 31 43 123 113 113 97 97 0
Total Non-Current Liabilities 2,596 2,954 2,700 2,651 2,493 2,942 2,647 2,504 2,548 3,081 2,818 2,749 2,731 2,558 2,358 2,363 2,389 2,519 2,339 1,796 1,782 1,893 2,019 0
Total Liabilities 4,103 4,445 4,045 3,907 3,868 4,468 4,141 3,939 4,162 4,449 4,225 4,118 4,310 3,890 3,803 3,814 4,087 4,117 3,774 3,240 3,338 3,594 3,629 0
Stockholders' Equity
Common Stock 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 876 1,000 887 0 0 0
Retained Earnings 504 320 357 341 343 150 206 174 178 (3) 68 92 186 47 65 52 126 72 0 0 0 0 0 0
Accumulated Other Comprehensive Income 6 2 2 1 (1) 0 0 0 0 (1) 0 (1) 1 0 6 8 5 7 8 7 4 1,020 983 1,312
Total Stockholders' Equity 856 653 680 645 640 429 472 423 417 220 279 265 383 235 247 227 257 252 884 1,007 891 1,020 983 1,314
Total Liabilities & Equity 5,013 5,134 4,755 4,580 4,532 4,921 4,635 4,384 4,600 4,687 4,525 4,405 4,711 4,142 4,072 4,065 4,344 4,369 4,658 4,247 4,229 4,617 4,615 1,314
Debt Metrics
Total Debt 2,846 4,737 2,874 2,824 2,698 3,098 2,808 2,654 2,703 3,101 2,852 2,792 2,786 1,248 2,572 2,554 2,636 3,013 2,478 1,994 2,071 2,250 2,389 0
Net Debt 2,328 4,488 2,686 2,686 2,471 2,937 2,639 2,549 2,433 2,977 2,721 2,660 2,359 1,122 2,371 2,350 2,146 2,682 2,185 1,662 1,736 2,061 2,224 245
Metric 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income 183.6 (37) 18 3 194 (56) 33 (4) 181.1 (71) (1) 4 172 24 70 76 246 75 151 174 283 143 (199) (299)
Depreciation & Amortization 53 57 63 62 72 63 64 65 68 71 72 73 66 68 70 70 70 75 78 80 76 79 81 90
Stock-Based Compensation 0 0 15 14 0 13 16 16 15 14 13 14 10 12 8 12 9 4 7 7 5 4 7 9
Change in Working Capital 338 (219) 62 (234) 450 (267) 10 (199) 338 (201) 1 (218) 493 (330) (49) (309) 205 (169) 25 (193) 153 (7) 271 (119)
Other Non-Cash Items 149.4 20 0 0 (12) 1 (6) 1 9.9 7 6 9 0 11 11 7 84.9 9 8 314 16 (30) 78 97
Operating Cash Flow 673 (180) 156 (150) 674 (248) 115 (116) 589 (181) 89 (108) 716 (228) 95 (146) 473 (11) 287 102 613 171 190 (300)
Investing Activities
Capital Expenditure (24) (52) (68) (43) (28) (51) (60) (39) (32) (80) (89) (55) (39) (67) (37) (21) (52) (51) (47) (19) (16) (41) (43) (27)
Acquisitions 0 0 0 0 0 0 0 0 0 0 1 0 (369) 0 0 (18) 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (18) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 3 0 0 0 8 1 16 0 1 0 0 0 3 (67) 2 (9) 0 0 0 0 (2) 8 (1) (1)
Investing Cash Flow (21) (52) (68) (43) (20) (50) (44) (39) (31) (80) (88) (55) (405) (67) (35) (48) (52) (51) (47) (19) (18) (33) (44) (28)
Financing Activities
Net Debt Issuance (376) 299 (31) 104 (441) 294 (1) (1) (411) 259 (1) (1) 27 266 (1) (1) (1) 382 600 0 (1) (5) (6) (46)
Stock Repurchased 0 0 0 (10) (1) (1) (1) (7) (2) (1) 0 (125) (36) (45) (60) (109) (250) (3) 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (10) (7) (9) 12 (145) (4) (5) (2) 0 (3) 0 (6) (1) (1) (1) 18 (12) (881) (279) (88) (453) (109) (145) 300
Financing Cash Flow (384) 293 (39) 106 (587) 289 (7) (10) (413) 255 (1) (132) (9) 220 (62) (91) (261) (499) 321 (88) (454) (114) (151) 254
Cash Position
Net Change in Cash 269 61 50 (89) 66 (8) 64 (165) 146 (7) (1) (295) 301 (75) (3) (286) 159 (562) 561 (3) 146 24 (4) (76)
Cash at Beginning 249 188 138 227 161 169 105 270 124 131 132 427 126 201 204 490 331 893 332 335 189 165 169 245
Cash at End 518 249 188 138 227 161 169 105 270 124 131 132 427 126 201 204 490 331 893 332 335 189 165 169
Free Cash Flow 649 (232) 88 (193) 646 (299) 55 (155) 557 (261) 0 (163) 677 (295) 58 (167) 421 (62) 240 83 597 130 147 (327)
Key Metrics 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 2,269.8 1,472 1,459 1,353 2,106 1,347 1,417 1,359 2,083 1,265 1,427 1,407 2,021 1,318 1,521 1,484 2,176 1,441 1,614 1,554 2,100 1,353 1,066 894
Gross Profit 855.0 536 519 474 813 468 501 501 826 427 487 502 744 457 535 522 853 565 670 672 901 497 152 21
Operating Income 229.0 (19) 41 20 268 (47) 62 26 259 (67) 26.0 28 244 43 98 94 334 108 203 226 388 127 (243) (373)
Net Income 183.6 (37) 16.2 (2) 193.4 (56) 32 (4) 181 (71) (1) 1 173 24 70 81 246.1 75.2 151.1 174 283 143 (200) (299)
EPS (Diluted) 2.14 -0.46 0.20 -0.03 2.33 -0.71 0.40 -0.05 2.29 -0.92 -0.01 0.01 2.10 0.29 0.83 0.93 2.70 0.81 1.71 1.90 3.09 1.56 -2.18 -3.26
Balance Sheet
Cash & Equivalents 518 249 188 138 227 161 169 105 270 124 131 132 427 126 201 204 490 331 293 332 335 189 165 0
Total Assets 5,013 5,134 4,755 4,580 4,532 4,921 4,635 4,384 4,600 4,687 4,525 4,405 4,711 4,142 4,072 4,065 4,344 4,369 4,658 4,247 4,229 4,617 4,615 0
Total Debt 2,846 4,737 2,874 2,824 2,698 3,098 2,808 2,654 2,703 3,101 2,852 2,792 2,786 1,248 2,572 2,554 2,636 3,013 2,478 1,994 2,071 2,250 2,389 0
Stockholders' Equity 856 653 680 645 640 429 472 423 417 220 279 265 383 235 247 227 257 252 884 1,007 891 1,020 983 1,314
Cash Flow
Operating Cash Flow 673 (180) 156 (150) 674 (248) 115 (116) 589 (181) 89 (108) 716 (228) 95 (146) 473 (11) 287 102 613 171 190 (300)
Capital Expenditure (24) (52) (68) (43) (28) (51) (60) (39) (32) (80) (89) (55) (39) (67) (37) (21) (52) (51) (47) (19) (16) (41) (43) (27)
Free Cash Flow 649 (232) 88 (193) 646 (299) 55 (155) 557 (261) 0 (163) 677 (295) 58 (167) 421 (62) 240 83 597 130 147 (327)