VICTORIA'S SECRET $VSXY Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.61B (Est. $1.62B) 🔴; +10% YoY 🔹 Adj. EPS: $0.95 (Est. $0.77) 🟢; +188% YoY 🔹 Adj. Oper Income: $124M (Est. $101M) 🟢; +125% YoY 🔹 Comparable Sales: 9% Raises FY26 Guide: 🔹 Revenue: $7.10B-$7.18B (Est. $7.2B) 🔴; from $7.03B-$7.13B 🔹 Adj. Oper Income: $560M-$590M (Est. $602M) 🔴; from $550M-$580M 🔹 Adj. EPS: $4.45-$4.70 (Est. $4.66) 🟡 🔹 Adj. Net Income: $375M-$395M (Est. $405M) 🔴 Q3 Guide: 🔹 Revenue: $1.57B-$1.60B (Est. $1.57B) 🟡 🔹 Operating Income: $10M-$20M Segment Net Revenue: 🔹 Stores – North America: $897.9M; +9% YoY 🔹 Direct: $439.4M; +8.1% YoY 🔹 International: $273.4M; +20% YoY Other Q2 Metrics: 🔹 Adjusted Net Income: $80M (Est. $65.7M) 🟢; +196% YoY 🔹 IEEPA Tariff Refund Recoveries: $140.3M pre-tax Comments: 🔸 “we are raising our full-year net sales and adjusted operating income outlook.” 🔸 “We are increasing our strategic marketing investment to expand our reach, deepen customer connection, and build on the brand heat we are creating.”