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VSXY

VSXY

VSXY
$75.65USD↑+3.08%+2.26 today

MARKET CAP

6.0B

P/E (TTM)

10.4x

FWD P/E

15.0x

DAY RANGE

$74 – $77

52W RANGE

$72
$102

AI Summary

Stalk
StalkMedium

VSXY's post-capitulation setup suggests forced selling is mostly complete, enabling a bullish medium-term retracement. However, price is extended below declining short-term EMAs and oversold, so execution is deferred. Look for price reclaim and acceptance above the 9- and 20-day EMAs (around 79–83) on improving volume as the entry zone.

  • ↑Q1 net sales reached $1.56 B, up 15% YoY
  • ↑Adjusted EPS jumped to $0.60, a 500% YoY rise
  • ↓Shares trade at 38.3x P/E, 272% above 5-year median
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Victoria's Secret & Company (NYSE: VSXY) is a premier fashion retailer specializing in women's intimate apparel, loungewear, and beauty products through its iconic Victoria's Secret and Pink brands. The company has experienced a significant turnaround, focusing on regaining brand equity and enhancing customer engagement following a considerable decline in its market position. Currently, VSXY is leaning into various growth initiatives, emphasizing digital marketing, product innovation, and expanding its beauty segment, ultimately aiming to resonate deeply with a diverse consumer base.

Bull says

  • ↑Q1 net sales reached $1.56 B, up 15% YoY
  • ↑Adjusted EPS jumped to $0.60, a 500% YoY rise
  • ↑Raised FY 2026 sales guidance to $7.03 B–$7.13 B
  • ↑International sales grew 45% YoY, led by China
  • ↑Adjusted gross margin improved to 37.6%
  • ↑High earnings yield with strong momentum and growth factors

Bear says

  • ↓Shares trade at 38.3x P/E, 272% above 5-year median
  • ↓Leverage is elevated, limiting financial flexibility
  • ↓Negative profitability factor highlights margin inefficiencies
  • ↓$90 M net tariff headwind may compress margins further
  • ↓Insider selling exceeded $212 M over past three months
  • ↓Profit conversion inefficiencies could hinder long-term growth

Earnings Call · Q1 2025 · Mgmt. Guidance

Updated 08-08-2026neutral

Transcript signals

Bull points

  • We delivered first quarter net sales of $1.353 billion and adjusted operating income of $32 million both exceeding our guidance ranges provided in early March.
  • our adjusted SG&A rate was 32.8%, better than our guidance range of 34.5% to 35.5%. and leveraging 120 basis points to the prior year adjusted SG&A rate of 34%.
  • we successfully renewed our asset-based lending facility with a $750 million borrowing base and secured a five-year term extension with favorable enhancements and lower interest rates that will generate annual savings.

Bear points

  • As I mentioned, we saw continued strength in our international business. Reported first quarter international sales grew 9% to nearly $200 million, while system-wide retail sales increased by low double digits year over year but both Victoria's Secret and Pink registered a slight year-over-year retail sales decline.
  • we now expect our adjusted operating income for fiscal year 2025 to be in the range of $270 million to $320 million.
  • we are forecasting fiscal year 2025 adjusted net income per diluted share to be in the range of $1.80 to $2.20 compared to adjusted net income per diluted share of $2.69 in fiscal year 2024.
Read full transcript analysis ›