Filing Flows › Victoria's Secret (VSXY) › Q1 FY27 › vs Q1 FY26
Victoria's Secret (VSXY) Q1 FY27 vs Q1 FY26 (year over year)
Victoria's Secret's revenue rose $207M (+15%) from $1.4B in Q1 FY26 to $1.6B in Q1 FY27. Gross margin 37.5% against 35.0% (+2.5 pts).
Victoria's Secret, Q1 FY27: revenue $1.6B (+15% year over year), operating margin 4.9%, net earnings $48.0M, operating cash flow −$137M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 37.5% | 35.0% | +2.5 pts |
| Operating margin | 4.9% | 1.5% | +3.4 pts |
| Net margin | 3.1% | -0.1% | +3.2 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.6B | $1.4B | $207M | +15% |
| Gross profit | $585M | $474M | $111M | +23% |
| Cost of revenue | $975M | $879M | $96.0M | +11% |
| Operating profit | $76.0M | $20.0M | $56.0M | +280% |
| Operating expenses | $509M | $454M | $55.0M | +12% |
| Pre-tax earnings | $64.0M | $6.0M | $58.0M | +967% |
| Other expense, net | $12.0M | $14.0M | −$2.0M | -14% |
| Sales & marketing | $106M | $98.0M | $8.0M | +8% |
| General & admin | $403M | $356M | $47.0M | +13% |
| Net earnings | $48.0M | −$2.0M | $50.0M | — |
| Minority interests | $9.0M | $5.0M | $4.0M | +80% |
| Income tax | $7.0M | $3.0M | $4.0M | +133% |
| Operating cash sources | $252M | $224M | $28.0M | +12% |
| Depreciation & amortization | $54.0M | $62.0M | −$8.0M | -13% |
| Share-based compensation | $13.0M | $14.0M | −$1.0M | -7% |
| Cash used in operations | $137M | $150M | −$13.0M | -9% |
| Working capital & other | $252M | $224M | $28.0M | +12% |
Questions
How much did Victoria's Secret's revenue grow year over year in Q1 FY27?
Victoria's Secret's revenue rose $207M (+15%) from $1.4B in Q1 FY26 to $1.6B in Q1 FY27. Gross margin 37.5% against 35.0% (+2.5 pts).