Filing Flows › Victoria's Secret (VSXY) › Guidance history
Victoria's Secret (VSXY) guidance history: what it guided and what it reported
Victoria's Secret gave guidance in 12 earnings releases on file since May 10, 2024. Of 6 guided periods since reported, it met or beat its own guidance 6 times (100%). Revenue: 6 of 6, on average +4.7% against the guided midpoint. Its releases raised guidance 7 times and lowered it twice.
Revenue
Met or beat 6 of 6 periods (5 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $6.8B–$7.0B (Mar 5, 2026) → raised $7.0B–$7.1B (Jun 2, 2026) → raised $7.1B–$7.2B (Sep 3, 2026) | — | to be reported | — |
| Q4 FY26 | $2.1B (Dec 5, 2025) | $2.3B | above the range | +7.7% |
| FY26 | $6.2B–$6.3B (Mar 5, 2025) | $6.6B | above the range | +4.8% |
| Q3 FY26 | $1.3B (Aug 28, 2025) | $1.5B | above the range | +9.3% |
| Q2 FY26 | $1.4B (Jun 11, 2025) | $1.5B | above the range | +3.0% |
| Q1 FY26 | $1.4B (Mar 5, 2025) | $1.4B | within the range | -0.4% |
| FY25 | $6.0B (Jun 5, 2024) | $6.2B | above the range | +3.8% |
| Q3 FY25 | $1.3B (Aug 28, 2024) | — | — | — |
| Q2 FY25 | $1.4B (Jun 5, 2024) | — | — | — |
Adjusted revenue
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $7.0B–$7.1B (Jun 2, 2026) | — | to be reported | — |
Adjusted operating income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $299M (Mar 5, 2026) → raised $550M–$580M (Jun 2, 2026) → raised $560M–$590M (Sep 3, 2026) | — | to be reported | — |
| Q4 FY26 | $350M–$375M (Dec 5, 2025) | — | — | — |
| Q2 FY26 | $15.0M–$35.0M (Jun 11, 2025) | — | — | — |
| FY26 | $300M–$350M (Mar 5, 2025) → lowered $270M–$320M (Jun 11, 2025) → reaffirmed $270M–$320M (Aug 28, 2025) | — | — | — |
| Q1 FY26 | $10.0M–$30.0M (Mar 5, 2025) | — | — | — |
| Q4 FY25 | $240M–$270M (Dec 5, 2024) | — | — | — |
| FY25 | $250M–$275M (Jun 5, 2024) → raised $275M–$300M (Aug 28, 2024) → raised $315M–$345M (Dec 5, 2024) | — | — | — |
Adjusted net income
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $216M (Mar 5, 2026) | — | to be reported | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY26 | $2.20–$2.45 (Dec 5, 2025) | — | — | — |
| FY26 | $2.40–$2.65 (Dec 5, 2025) | — | — | — |
| Q3 FY26 | $0.55–$0.75 (Aug 28, 2025) | — | — | — |
| Q2 FY26 | $0.00–$0.15 (Jun 11, 2025) | — | — | — |
| Q4 FY25 | $2.00–$2.30 (Dec 5, 2024) | — | — | — |
| Q3 FY25 | $0.60–$0.80 (Aug 28, 2024) | — | — | — |
The latest quarter
Victoria's Secret, Q2 FY27: revenue $1.6B (+10% year over year), operating margin 16.0%, net earnings $183M, operating cash flow $402M. The chart follows the revenue to costs, profit and cash.
Questions
Does Victoria's Secret beat its guidance?
Victoria's Secret gave guidance in 12 earnings releases on file since May 10, 2024. Of 6 guided periods since reported, it met or beat its own guidance 6 times (100%). Revenue: 6 of 6, on average +4.7% against the guided midpoint.
How often does Victoria's Secret raise guidance?
Its earnings releases raised guidance 7 times and lowered it twice since May 10, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.