Victoria's Secret & Co (NYSE:VSCO) Beats Q3 Estimates and Raises Full-Year Outlook

VICTORIA'S SECRET & CO (NYSE:VSCO) reported financial results for its fiscal third quarter that surpassed analyst expectations on the top line, while its bottom-line loss was significantly narrower than feared. The company also raised its full-year outlook, signaling confidence in its ongoing turnaround efforts. The market reaction in pre-market trading has been decisively positive, with shares rising sharply.

Earnings and Revenue Versus Estimates

The company's performance for the quarter ended November 1, 2025, exceeded the consensus forecasts set by Wall Street analysts. The key figures highlight a stronger operational quarter than anticipated.

• Reported Revenue: $1.47 billion

• Analyst Estimate: $1.44 billion

• Verdict: Beat by approximately $33 million.

• Reported Non-GAAP EPS: -$0.27

• Analyst Estimate: -$0.60

• Verdict: Beat by $0.33 per share.

The revenue beat of 2.3% demonstrates continued sales momentum, while the substantial earnings per share beat indicates better cost management and profitability than the market had modeled for the period. The reported net sales figure also represents a 9% increase compared to the same quarter in the prior year, underscoring the growth trajectory.

Market Reaction and Price Action

The immediate market response to the earnings report and guidance raise has been strongly favorable. In pre-market trading following the announcement, shares of Victoria’s Secret are up significantly. This positive momentum builds on recent gains, with the stock having advanced approximately 11% over the past month and 19% over the last two weeks, suggesting investor optimism was building ahead of the report. The pre-market surge confirms that the results and updated guidance were received as a positive catalyst, exceeding the already optimistic sentiment.

Updated Guidance and Analyst Expectations

A central component of the earnings release was the company's decision to raise its full-year financial guidance. This forward-looking statement provides a direct comparison to the collective expectations of analysts covering the stock.

• Company's Implied Full-Year Sales Outlook: The press release states the company raised its full-year guidance. While the exact numerical range was not provided in the summary, the context suggests management's internal forecast now exceeds the previous consensus.
• Analyst Estimates for Full-Year 2026: Prior to the report, analysts were estimating sales of approximately $6.52 billion for the full fiscal year 2026.
• Analyst Estimates for Q4 2026: For the upcoming fourth quarter, analysts had been projecting revenue of about $2.22 billion.

By raising its annual outlook, Victoria’s Secret is signaling to investors that the strength seen in Q3 is expected to continue through the critical holiday quarter, potentially setting the stage for results that could outpace current Wall Street estimates for Q4 and the full year.

Summary of Key Press Release Highlights

Beyond the raw financial numbers, the press release emphasized several positive developments:

• The company delivered net sales growth of 9% year-over-year.
• Both operating results and earnings exceeded the company's own internal expectations.
• The raised full-year guidance reflects management's confidence in the brand's strategic initiatives and customer reception.

For a detailed breakdown of historical earnings, future estimates, and analyst projections, you can review the data here: VSCO Earnings & Estimates.

Disclaimer: This article is for informational purposes only and does not constitute financial advice, a recommendation, or an offer to buy or sell any securities. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.