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Shares of Victoria's Secret fell Wednesday as the maker of lingerie and other women's apparel lowered its full-year outlook when it released its delayed first-quarter financial report.
Victoria's Secret CFO Scott Sekella explained how the company plans to manage a $50 million tariff impact across Q2, Q3, and Q4, with a larger effect expected in Q4 due to seasonal volume.
Looking ahead to FY25, Victoria’s Secret (NYSE: VSCO) lowered its forecasted range for operating income to incorporate a $50M impact to operating income.
Victoria's Secret is "optimizing" discounts and gifts that it gives customers to offset higher costs from tariffs. Price increases are also possible.
Telsey cuts fiscal year 2025 EPS estimate for Victoria's Secret to $2.10 from $2.22. Tariffs and cyber incident expected to impact margins in fiscal year 2025. Market-moving news hits Benzinga Pro ...
Victoria's Secret has restored all critical systems impacted by a May 24 security incident that forced it to shut down corporate systems and the e-commerce website.
Victoria’s Secret says security incident that shut down website may hurt results FILE – Shoppers pass a Victoria’s Secret store at a shopping mall in Scranton, Pa., May 3, 2021.
Victoria’s Secret & Co. faces challenges from a recent cybersecurity incident, increased tariffs and an activist investor. Cybersecurity and tariffs both are expected to cost the company millions.
Victoria’s Secret's website is down amid an ongoing security threat. The company says it's taking necessary precautions to address it.
Key Takeaways Victoria's Secret lowered its full-year operating income guidance on higher costs from new tariffs.The lingerie and other women's apparel maker expects tariffs to add $50 million in ...