Victoria's Secret & Co. (VSXY)
Victoria's Secret & Co. operates as a retail enterprise, primarily dealing in lingerie, apparel, and beauty merchandise. Their extensive product range includes intimate wear such as bras and panties, along with sleepwear, general clothing, athletic attire, swimwear, and a variety of beauty offerings. The company, which was established in 1963, maintains its main corporate office in Reynoldsburg, Ohio.
Sector: Retail-Women's Clothing Stores
Industry: Apparel - Retail
Victoria's Secret & Company
NYSE:VSXYConsumer Cyclical · Apparel - Footwear & Accessories
+2.71%$90.82
AH Close$90.82+0.00%vs close
AH Close$90.82+0.00%vs close
Mkt Cap$7.24B
Float60.68M
O/S79.76M
Inst Own-
SI16.8%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$6.55B
Net Income$161M
Total Assets$5.01B
Free Cash Flow$312M
Debt & Equity
Debt 77%
Equity 23%
Total Debt$2.85B
Total Equity$856M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VSXY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$5.01B
Liabilities$4.1B
Accounts Receivable$186M
Accounts Payable$493M
Inventory$1.07B
PP&E (Net)$2.36B
Goodwill$367M
Intangible Assets$246M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 |
| Revenue | $6.55B | $6.23B | $6.18B | $6.34B |
| YoY Growth | 5.2% | 0.8% | -2.6% | - |
| Cost of Revenue | $4.17B | $3.95B | $3.94B | $4.09B |
| Gross Profit | $2.38B | $2.28B | $2.24B | $2.26B |
| Gross Margin | 36.4% | 36.7% | 36.3% | 35.6% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.11B | $1.97B | $2B | $1.78B |
| Other | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $2.11B | $1.97B | $2B | $1.78B |
| Operating Income (EBIT) | $271M | $310M | $246M | $478M |
| Operating Margin | 4.1% | 5.0% | 4.0% | 7.5% |
| Interest Expense | $70M | $86M | $99M | $60M |
| Interest Income | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$63M | -$89M | -$99M | -$61M |
| Income Before Tax (EBT) | $208M | $221M | $147M | $417M |
| Income Tax Expense | $19M | $52M | $31M | $79M |
| Net Income | $161M | $165M | $109M | $348M |
| Net Income Margin | 2.5% | 2.6% | 1.8% | 5.5% |
| Supplementary Data | ||||
| EPS | 2.00 | 2.05 | 1.39 | 4.35 |
| Diluted EPS | 1.93 | 2.05 | 1.39 | 4.14 |
| Weighted Average OS | 80.00M | 80.73M | 78.55M | 80.00M |
| EBITDA | $516M | $565M | $530M | $751M |
| EBITDA Margin | 7.9% | 9.1% | 8.6% | 11.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $518M | $227M | $270M | $427M |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $518M | $227M | $270M | $427M |
| Accounts Receivable | $186M | $159M | $152M | $141M |
| Inventory | $1.07B | $955M | $985M | $1.05B |
| Other Current Assets | $108M | $100M | $126M | $117M |
| Total Current Assets | $1.88B | $1.44B | $1.53B | $1.74B |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $2.36B | $2.25B | $2.19B | $2.08B |
| Goodwill | $367M | $367M | $367M | $365M |
| Intangible Assets | $246M | $376M | $400M | $426M |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $65M | $22M | $20M | $18M |
| Other Long-Term Assets | $90M | $71M | $86M | $87M |
| Total Long-Term Assets | $3.13B | $3.09B | $3.07B | $2.97B |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $5.01B | $4.53B | $4.6B | $4.71B |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $493M | $419M | $513M | $481M |
| Short-Term Debt | $4M | $4M | $4M | $4M |
| Current Income Tax Payable | $268M | $226M | $198M | $192M |
| Current Unearned Revenue | $248M | $256M | $295M | $291M |
| Other Current Liabilities | $111M | $97M | $110M | $140M |
| Total Current Liabilities | $1.51B | $1.38B | $1.61B | $1.58B |
| Long-Term Liabilities | ||||
| Long-Term Debt | $971M | $973M | $1.12B | $1.27B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $5M | $11M | $37M | $53M |
| Other Long-Term Liabilities | $44M | $75M | $79M | $206M |
| Total Long-Term Liabilities | $2.6B | $2.49B | $2.55B | $2.73B |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.1B | $3.87B | $4.16B | $4.31B |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $1M | $1M | $1M | $1M |
| Retained Earnings | $504M | $343M | $178M | $186M |
| Comprehensive Income & Other | $6M | -$1M | $0 | $1M |
| Other Stockholders' Equity | $351M | $296M | $238M | $196M |
| Total Equity | $856M | $640M | $417M | $383M |
| Minority Interest | $54M | $24M | $21M | $18M |
| Total Liabilities and Equity | $4.96B | $4.51B | $4.58B | $4.69B |
| Supplementary Data | ||||
| Total Debt | $2.85B | $2.7B | $2.7B | $2.79B |
| Net Debt | $2.33B | $2.47B | $2.43B | $2.36B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 |
| Operating Activities | ||||
| Net Income | $189M | $169M | $116M | $338M |
| Depreciation & Amortization | $238M | $258M | $284M | $274M |
| Deferred Income Tax | -$49M | -$29M | -$16M | -$28M |
| Stock-Based Compensation | $55M | $60M | $56M | $48M |
| Changes in Working Capital: | ||||
| Accounts Receivable | -$24M | -$8M | -$13M | $22M |
| Inventory | -$112M | $29M | $36M | $0 |
| Accounts Payable | $114M | -$78M | -$11M | -$163M |
| Other Working Capital | -$31M | $51M | -$92M | -$54M |
| Total Working Capital Change | -$53M | -$6M | -$80M | -$195M |
| Other Non-Cash Items | $119M | -$27M | $29M | $0 |
| Net Cash from Operating | $499M | $425M | $389M | $437M |
| Investing Activities | ||||
| Capital Expenditures | -$187M | -$178M | -$256M | -$164M |
| Acquisitions | $0 | $0 | $1M | -$387M |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $3M | $25M | $1M | -$4M |
| Net Cash from Investing | -$184M | -$153M | -$254M | -$555M |
| Financing Activities | ||||
| Debt Repaid | $4M | $149M | $154M | -$291M |
| Common Stock Issuance | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$125M | -$250M |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$20M | -$166M | -$12M | $17M |
| Net Cash from Financing | -$24M | -$315M | -$291M | $58M |
| Forex Effect | $0 | $0 | -$1M | -$3M |
| Net Change in Cash | $291M | -$43M | -$157M | -$63M |
| Supplementary Data | ||||
| Operating Cash Flow | $499M | $425M | $389M | $437M |
| Capital Expenditure | -$187M | -$178M | -$256M | -$164M |
| Free Cash Flow | $312M | $247M | $133M | $273M |
| Cash at Beginning | $227M | $270M | $427M | $490M |
| Cash at End | $518M | $227M | $270M | $427M |