UBS cited valuation as the rationale for the downgrade, arguing that the key drivers of its bullish investment thesis have largely materialized.

Victoria’s Secret & Co. (NYSE:VSCO) reported first-quarter results that comfortably exceeded market expectations and raised its full-year financial guidance, sending shares sharply higher in premarket trading.

The lingerie giant’s “promo detox” meant more full-price selling in Q1, and both the namesake and Pink brands took market share.

Net Sales Increased 15% to $1.560 Billion, Exceeding Guidance Operating Income Increased to $76 Million; Adjusted Operating Income of $80 Million

Wall Street analysts expect Victoria's Secret (VSCO) to post quarterly earnings of $0.04 per share in its upcoming report, which indicates a year-over-year decline of 66.7%. Revenues are expected to be $1.33 billion, down 2.1% from the year-ago quarter.

Victoria's Secret & Co. delivered strong Q1 2026 results. Read why I downgrade VSXY stock to hold despite operational progress.

"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." The Victoria’s Secret Fashion Show may be best known for its iconic Angels and elaborate lingerie looks, but its musical performances have always been just as ...

Victoria's Secret & Co. (NYSE: VSCO) shares soared after it reported third-quarter results with net sales of $1.472 billion, up 9% from $1.347 billion a year earlier and above its previously communicated guidance range of $1.390 billion to $1.420 billion.