Victoria’s Secret narrows Q4 adjusted EPS view $2.20-$2.30 from $2.00-$2.30

Q4 EPS consensus $2.25. Narrows Q4 net sales guidance +3% to +4% last year from +2%-+4%, consensus $2.08B. VS&Co Chief Executive Officer Hillary Super continued, “We are pleased with our holiday results and our improved outlook for the fourth quarter. The momentum of our sales results for North America continued from third quarter through November and December across both our stores and digital channels, and our international business growth is also delivering on expectations. From a merchandise perspective, newness of product is winning and resonating with customers across both the Victoria’s Secret (VSCO) and PINK brands and our beauty business was a winner again this holiday season. We are experiencing increased levels of traffic to our stores and our digital site which we believe is reflective of our improved merchandise offering and the positive impact of the VS Fashion Show in late October. We exited the holiday and our January semi-annual sale in a good inventory position and ready for Valentine’s Day and first quarter selling. We look forward to sharing more details on our fourth quarter results and our expectations for 2025 on our upcoming earnings call in March.”