Victoria's Secret & Co. (VSCO) FY2025 10-K Annual Report
Victoria's Secret & Co. (VSCO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 21, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Victoria's Secret & Co. FY2025 10-K Analysis
Business Overview
- • Specialty retailer of women's intimate apparel and beauty products under Victoria's Secret, PINK, Adore Me brands
- • Acquisition of digital-native intimates brand AdoreMe completed December 30, 2022, expanding digital presence
Management Discussion & Analysis
- • Adjusted operating income $373M in 2024 vs $327M in 2023, up $46M YoY
- • Adjusted net income $218M in 2024 vs $178M in 2023, net income margin improvement implied
Risk Factors
- • Regulatory risk from U.S. tariff increases: 10%-25% tariffs imposed on imports from China, Mexico, Canada in early 2025 impacting sourcing costs
- • Geopolitical threat from ongoing conflicts in Europe and Middle East causing supply chain disruptions and inflationary pressures
Victoria's Secret & Co. FY2025 Key Financial MetricsXBRL
Revenue
$6.2B
▲ +0.8% YoY
Net Income
$165M
▲ +51.4% YoY
Gross Margin
36.7%
▲ +39bp YoY
Operating Margin
5.0%
▲ +100bp YoY
Net Margin
2.6%
▲ +89bp YoY
ROE
25.8%
▼ -36bp YoY
Total Assets
$4.5B
▼ -1.5% YoY
EPS (Diluted)
$2.05
▲ +47.5% YoY
Operating Cash Flow
$425M
▲ +9.3% YoY
Source: XBRL data from Victoria's Secret & Co. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Victoria's Secret & Co.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.