Victoria’s Secret delays earnings report due to IT systems breach
Published: 12:33 03 Jun 2025 EDT
Victoria's Secret & Co. (NYSE:VSCO) said it will be postponing the release of its first quarter earnings following a security incident involving its IT systems last week.
The breach, detected on May 24, forced the company to temporarily shut down corporate systems and its US eCommerce website on May 26 as a precaution, with the website restored on May 29.
This incident also disrupted some in-store services at Victoria's Secret and PINK stores, most of which have since been restored.
The company said on Tuesday that the breach did not impact its Q1 financial results, but the restoration process has prevented employees from accessing certain systems and information required for the release.
The company reported preliminary first quarter sales of $1.35 billion, above its guidance of $1.3 billion to $1.33 billion.
It reported earnings per share of $0.09, at the high end of its guidance range of a loss per share of $0.10 to EPS of $0.10.
Both metrics exceeded Wall Street estimates of $1.33 billion and $0.04, respectively.
The company said it would notify investors about a new earnings date “in due course.”
Shares of Victoria’s Secret traded up following the update, adding 1.6% at about $21.
