Victoria's Secret & Co.
Victoria's Secret & Co. operates as a specialty retailer of women's intimates, apparel, and beauty products through its portfolio of market-leading brands. The company maintains a global presence with approximately 860 company-operated stores across the United States, Canada, and China, complemented by more than 560… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Victoria's Secret & Co. does
In the company’s own words
Victoria's Secret & Co. operates as a specialty retailer of women's intimates, apparel, and beauty products through its portfolio of market-leading brands. The company maintains a global presence with approximately 860 company-operated stores across the United States, Canada, and China, complemented by more than 560 partner-operated stores in approximately 70 countries. The company serves customers through multiple channels including physical retail locations, e-commerce platforms at www.VictoriasSecret.com, www.PINK.com, www.AdoreMe.com, and www.DailyLook.com, as well as third-party digital marketplaces.
The company operates through two primary distribution channels: North American Stores, which generated 54 percent of net sales, and Digital, which accounted for 31 percent of net sales. International operations, including franchise and license arrangements, contributed 15 percent of total revenue. The company's brand portfolio includes Victoria's Secret, a global leader in women's intimate apparel known for innovative, fashion-inspired collections; PINK, a playful lifestyle brand targeting young women; and Adore Me, a direct-to-consumer lingerie brand serving women across various budgets and life stages.
As of January 31, 2026, Victoria's Secret & Co. employed approximately 33,000 associates, with roughly 77 percent working in retail stores, 9 percent in distribution centers, and the remainder in corporate offices. The company maintains significant operational infrastructure including distribution centers primarily located in the Columbus, Ohio area and third-party facilities throughout North America and Europe.
The company's competitive positioning derives from its powerful brand equity, unmatched scale in the intimates category, and commitment to high-quality, innovative products. The business model emphasizes agile supply chain management with sourcing expertise in the United States and Southeast Asia, enabling rapid product development and market responsiveness. Victoria's Secret & Co. operates as a single segment designed to serve customers seamlessly across stores and digital channels worldwide, with strategic focus on North American market dominance while expanding international presence through franchise, license, and joint venture arrangements.
Company details
- Sector
- Consumer Discretionary
- Industry (SIC)
- Retail
- Headquarters
- REYNOLDSBURG, OH
- Fiscal year end
- January
- CIK
- 1856437
- SIC
- 5621
Financial performance, year by year
Fiscal 2022–2026 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Victoria's Secret & Co. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Victoria's Secret & Co.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Victoria's Secret & Co.’s bonds, as funds hold them
Funds report holding 1 issues of Victoria's Secret & Co.’s debt, $119.51M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.63%, maturing 2029 to 2029.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do Victoria's Secret & Co. and its peers compare on margins and cash generation over ten years?”
- “Where did five years of Victoria's Secret & Co.'s earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in Victoria's Secret & Co.'s last four quarterly filings that the numbers alone won't show?”