Oct 9, 7:00 AM ET
Victoria's Secret & Co. said its Chief Legal and Compliance Officer, Melinda McAfee, will leave the company effective March 31, 2027, and that it has started a search for a successor. The filing describes a transition agreement under which she keeps her current role until a successor is appointed and then stays on in a non-executive role until her departure date. The change is an executive departure rather than a financial result, so it has no direct effect on reported earnings.
- Melinda McAfee, Chief Legal and Compliance Officer, will leave effective March 31, 2027
- Transition and Separation Agreement dated October 7, 2026 keeps her in her current role until a successor is appointed
- Severance benefits under her Executive Severance Agreement dated June 29, 2021, subject to a full release of claims and continued compliance with restrictive covenants
Read the filing on SEC.gov ↗
Sep 3, 7:01 AM ET
Victoria's Secret & Co. reported second quarter 2026 net sales up 10% to $1.611 billion, near the high end of its guidance, and adjusted operating income of $124 million, above its guidance range. The company raised its full-year 2026 net sales and adjusted operating income forecasts, which matters to shareholders because it signals higher expected results for the year. Reported net income of $183 million, or $2.18 per diluted share, includes a $140.3 million pre-tax benefit from IEEPA tariff refund recoveries.
- Q2 2026 net sales were $1.611 billion, up from $1.459 billion a year earlier, with total comparable sales up 9%.
- Q2 2026 GAAP net income was $183 million, or $2.18 per diluted share, versus $16 million, or $0.20 per diluted share, in Q2 2025.
- Q2 2026 adjusted operating income was $124 million, above the $90 million to $100 million guidance range; adjusted net income per diluted share was $0.95 versus $0.33 a year earlier.
- Full-year 2026 net sales guidance rose to $7.100 billion to $7.180 billion from $7.030 billion to $7.130 billion; adjusted operating income guidance rose to $560 million to $590 million from $550 million to $580 million.
Read the filing on SEC.gov ↗
Aug 20, 7:02 AM ET
Victoria's Secret & Co. increased its board from nine to ten directors and appointed Gerri Martin-Flickinger, former Chief Technology Officer of Starbucks, to fill the new seat, effective September 14, 2026. She will also join the Audit Committee and was determined to be independent under NYSE listing standards. The filing reports no financial results, and the appointment is a governance change.
- Board increased from nine to ten directors; appointment effective September 14, 2026
- Martin-Flickinger previously served as Executive Vice President and Chief Technology Officer of Starbucks and as CIO at Adobe
- She will serve on the Audit Committee and is compensated like other non-employee directors
- Board determined she is independent under NYSE listing standards
Read the filing on SEC.gov ↗
Jun 2, 7:01 AM ET
Victoria's Secret & Co. reported first quarter 2026 net sales of $1.560 billion, up 15% and above its guidance range of $1.490 billion to $1.525 billion, and diluted EPS of $0.56 compared with a loss of $0.02 a year earlier. The company raised its full-year 2026 net sales and adjusted operating income guidance, which signals stronger expected results for shareholders.
- Q1 net sales of $1.560 billion, up 15% from $1.353 billion; comparable sales rose 13%.
- Q1 diluted EPS of $0.56 versus a loss of $0.02 a year earlier; adjusted EPS of $0.60 versus guidance of $0.20 to $0.30.
- FY2026 net sales guidance raised to $7.030 billion to $7.130 billion from $6.850 billion to $6.950 billion.
- FY2026 adjusted operating income guidance raised to $550 million to $580 million from $430 million to $460 million.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.