Strong Q4 Results
Sales increased year-over-year across Victoria's Secret, PINK, and the Beauty business, with operating income and EPS exceeding expectations.
Growth in International Markets
International retail sales were up double-digits, driven by strong growth in franchise, travel retail partners, and joint ventures in China and the UK.
PINK and Beauty Performance
PINK apparel showed a significant trend change at the beginning of the fall season, continuing strong performance in Q4. The Beauty business also stood out with higher AUR items driving traffic and basket size increases.
Outperforming North American Intimates Market
Victoria's Secret outperformed the slightly declining North American intimates market for the second consecutive quarter.
Positive Customer Sentiment
Studies indicated that Gen Z feels positively about the brands, and there was a high rate of customer retention and reactivation.