Feed / VSXY

Victorias Secret & Co.

VSXY

Consumer Cyclical · 75.03 -0.9% today

Isolated · not yet confirmedMarket checked 11 Sept, 09:30 GMT-4

Market read

Victorias Secret & Co.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

P/E37.9xlatest annual facts
Revenue YoY+5.2%2026-01-31
Operating margin4.1%-0.8 pts YoY
Company-0.9% todayVolume comparison unavailable
Market group0 of 6 activeApparel and Healthcare Staffing · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
  • A $135 million IEEPA tariff refund recovery materially lifted six-month gross profit and operating income; compare future periods for additional recoveries or their absence.
  • Year-to-date interest expense fell as average debt and the term-loan borrowing rate declined; compare the next reported interest burden and debt levels.

Invalidation: The isolated read changes if VSXY's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Cyclical · Apparel Retail

No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • A $135 million IEEPA tariff refund recovery materially lifted six-month gross profit and operating income; compare future periods for additional recoveries or their absence.
  • Year-to-date interest expense fell as average debt and the term-loan borrowing rate declined; compare the next reported interest burden and debt levels.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods7
Price observations188
Usable filing statements183
Verified relationships0
Evidence supporting the case
  • Latest annual revenue changed +5.2% year over year.
  • Operating cash flow covered net income at 3.10x in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 2.5% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 6 filings.
  • Product pipeline and R&D has repeated adverse evidence across 6 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 6 filings.
  • Tariffs and trade policy has repeated adverse evidence across 6 filings.
Questions before a position
  • P/E is 97% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 18% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

73.42
6m+17.0%12m24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-01-29$6.8B+25.3%$7.18+2.3%
2023-01-28$6.3B-6.5%$4.14-6.7%
2024-02-03$6.2B-2.6%$1.39-6.0%
2025-02-01$6.2B+0.8%$2.05+2.5%
2026-01-31$6.6B+5.2%$1.93+2.5%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 6 filings
Net cash provided by financing activities year-to-date 2025 was $67 million, consisting primarily of borrowings of $245 million under the ABL Facility, partially offset by $170 million of repayments under the ABL Facility.
10-Q · Sep 4, 2026
Product pipeline and R&Dnegative · 6 filings
Our net income is impacted by, among other things, sales volume, seasonal sales patterns, success of new product introductions, profit margins and income taxes.
10-Q · Sep 4, 2026
Restructuring and cost reductionsnegative · 6 filings
Second Quarter Year-to-Date (in millions, except per share amounts) 2026 2025 2026 2025 Reconciliation of Reported to Adjusted Operating Income Reported Operating Income - GAAP $ 257 $ 41 $ 333 $ 61 Tariff Refund Recoveries, Net of Related Costs and Other Ite…
10-Q · Sep 4, 2026
Tariffs and trade policynegative · 6 filings
The gross profit rate increase compared to year-to-date 2025 was primarily driven by IEEPA tariff refund recoveries, leverage in buying and occupancy expenses as a result of the increase in net sales, an increase in regular-priced selling and a decrease in pr…
10-Q · Sep 4, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.9× · EV/sales 1.0×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

75.03-0.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 09:30 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for VSXY. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for VSXY. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind VSXY

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

VSXY is currently a Early Follower in the organic co-movement group Apparel and Healthcare Staffing. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

This group is retained as the last observed read for VSXY; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.