Victoria’s Secret & Co. reported $1.56 billion in Q1 2026 net sales, a 15% year-over-year jump that beat Wall Street estimates, the lingerie retailer announced June 2, 2026. The company also debuted its new NYSE ticker symbol VSXY on the same day, replacing VSCO in a symbolic reclaiming of the “sexy” identity that defined the brand for decades. The Victoria’s Secret Q1 2026 results mark the fourth consecutive quarter of positive comparable sales under CEO Hillary Super.
Comparable sales rose 13%, a sharp reversal from the negative 1% recorded in Q1 2025. Net income hit $48 million, or $0.56 diluted earnings per share, against a $2 million loss in the prior-year quarter.
“We delivered a very strong start to 2026, exceeding top- and bottom-line guidance and continuing the momentum.” — Hillary Super, CEO, Victoria’s Secret & Co., June 2, 2026 earnings release
Q1 2026 Results Beat Analyst Estimates
The $1.56 billion revenue figure topped the 12.7% consensus growth estimate compiled by analysts surveyed ahead of the print. Adjusted earnings per share came in at $0.60, nearly double the $0.32 forecast.
- Net sales: $1.56 billion, up 15% year-over-year
- Comparable sales: +13% vs. -1% in Q1 2025
- Net income: $48 million, $0.56 diluted EPS
- Adjusted EPS: $0.60 vs. $0.32 consensus
- Streak: Fourth consecutive quarter of positive comps
The print extends a broader recovery across US fashion retail. Aerie’s 25% comparable sales gain in Q1 2026 and Gap Inc.’s Q1 2026 results both topped estimates earlier this earnings season. Official figures are available via the Victoria’s Secret & Co. investor relations portal.
Ticker Becomes VSXY on Day of Results
Victoria’s Secret & Co. shares began trading under VSXY on the New York Stock Exchange June 2, 2026, the same morning the company released its Q1 earnings. The change, announced via VSXY ticker announcement on May 21, ends the VSCO ticker carried since the 2021 spinoff from L Brands.
Total shareholder return has reached 152% since Super’s appointment. The ticker swap functions as both a branding statement and a marker of management’s confidence in the turnaround thesis the proxy battle of early 2026 sought to disrupt.
Category Breakdown: Bras Lead, Pink and Beauty Gain
Bras posted double-digit growth and gained market share in the quarter, a category Super described as the “heartbeat” of the business on the company’s earnings call. Panties and sleepwear grew at mid-teens rates, outpacing bras.
Pink apparel continued leading overall performance, while the beauty segment was anchored by fine fragrance and body mists. The category mix matters: bras carry higher margins, and the renewed momentum there explains the EPS beat as much as top-line growth. Broader brand-heat signals tracked in the Lyst Index Q1 2026 hottest brands ranking align with the consumer pull Victoria’s Secret reported across digital and physical channels.
Hillary Super’s ‘Path to Potential’ Strategy
Super, who joined Victoria’s Secret in 2024 after running Anthropologie and Savage X Fenty, has organized her turnaround around three pillars: bra authority, PINK revitalization, and beauty growth. Background on her appointment is detailed in Fortune’s coverage of Hillary Super’s appointment as CEO.
“Double-digit growth in Pink, Victoria’s Secret and beauty across digital, across stores, across international.” — Hillary Super, Q1 2026 earnings call
The strategy emphasizes brand-coded merchandise and a return to the marketing language Victoria’s Secret moved away from in the late 2010s, recalibrated for the current consumer.
Brand Partnerships: Hailey Bieber, Angel Reese and TWICE
Super credited three high-profile partnerships with amplifying brand awareness during the quarter. Hailey Bieber fronted a curated summer 2026 essentials campaign — a continuation of the modeling and ambassador work also seen in Hailey Bieber’s Alaïa campaign.
WNBA star Angel Reese was added to broaden the brand’s footprint with younger, athletic consumers. K-pop group TWICE was signed to support international growth and Gen Z reach, particularly across Asian markets where Western lingerie brands have faced competitive pressure from fast fashion globalization challenges.
Full-Year 2026 Guidance Raised
Victoria’s Secret & Co. raised full-year 2026 net sales guidance to $7.03–$7.13 billion, up from a prior range of $6.85–$6.95 billion. Adjusted operating income guidance moved to $550–$580 million from $430–$460 million.
B of A Securities upgraded shares to Buy on April 29, 2026, and Barclays is maintaining its Overweight rating. The average analyst price target stands at $55.67.
The print places Victoria’s Secret alongside other US fashion outperformers this cycle, including Tapestry’s 29% revenue jump in Q3 2026 and Ralph Lauren’s record $8B revenue in FY2026 — and stands in contrast to women’s fashion peers managing transitions, such as Rent the Runway’s leadership change. The next data point arrives with the Q2 release, expected in late August.
