Victoria's Secret & Co.

NYSE:VSCO Stock Report

Market Cap: US$4.2b

Victoria's Secret Future Growth

Future criteria checks 4/6

Victoria's Secret is forecast to grow earnings and revenue by 36% and 4.6% per annum respectively. EPS is expected to grow by 29.2% per annum. Return on equity is forecast to be 32.1% in 3 years.

Key information

36.0%

Earnings growth rate

29.15%

EPS growth rate

Specialty Retail earnings growth9.9%
Revenue growth rate4.6%
Future return on equity32.12%
Analyst coverage

Good

Last updated21 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 03

VSCO: Brand Repositioning Progress Will Support Stronger Earnings Power

Analysts have lifted the illustrative fair value for Victoria's Secret from about $31 to about $66, reflecting higher assumed revenue growth and profit margins, a lower future P/E, and recent Street research citing improving sales momentum, brand repositioning progress, and raised earnings estimates. Analyst Commentary Recent Street research on Victoria's Secret focuses heavily on brand repositioning, earnings power, and how much of the recovery story may already be reflected in valuation.
Narrative Update • Apr 19

VSCO: Brand Repositioning And Q1 Momentum Will Support Future Upside

Analysts have lifted the average price target for Victoria's Secret from $73 to $81. This change reflects updated expectations around brand repositioning, improving sales momentum and refined margin assumptions across recent research.
Seeking Alpha • Apr 11

Victoria's Secret: Upgrading To A Cautious Hold, Due To The Sustained Demand

Summary Victoria's Secret previously received a sell rating due to inconsistent profitability, balance sheet issues, and unattractive valuation. Recent Q4 and FY2025 results, along with updated outlook, are central to reassessing VSCO's investment case. Balance sheet concerns and risks remain material, influencing the overall investment thesis. Valuation remains a key hurdle for VSCO, supporting continued caution on the stock. Read the full article on Seeking Alpha
Narrative Update • Apr 04

VSCO: Brand Repositioning And Q1 Momentum Will Drive Future Repricing

The analyst fair value estimate for Victoria's Secret has increased from $75.00 to $81.00. This reflects updated Street targets in the $58 to $81 range, as analysts highlight improving sales momentum, brand repositioning efforts, and refreshed earnings models following recent Q4 results.
Narrative Update • Mar 21

VSCO: Brand Repositioning And Q1 Momentum Will Support Margin Expansion

The updated analyst price target for Victoria's Secret edges down by $5 to $50, as analysts weigh improving sales momentum, brand repositioning progress, and EPS estimate revisions against expectations that continued investment could pressure margins in the near term. Analyst Commentary Recent Street research on Victoria's Secret reflects a mix of optimism around brand repositioning and sales trends alongside a more measured stance on valuation, margin risks, and execution.
Narrative Update • Mar 07

VSCO: Brand Repositioning And Margin Momentum Should Outrun Ongoing Execution Risks

The analyst price target for Victoria's Secret has moved higher, with our fair value estimate increasing by $3 to $55, as analysts point to ongoing brand repositioning, improving sales momentum and margins, and refreshed earnings models following recent Q4 results. Analyst Commentary Recent research on Victoria's Secret reflects a mix of optimism about the brand repositioning and Q4 execution alongside more cautious views on how much upside is already reflected in the stock.
Narrative Update • Feb 21

VSCO: Macro Tailwinds Into 2026 Will Likely Outrun Fragile Execution

Analysts have lifted their fair value estimate for Victoria's Secret by $5 to $52, citing updated assumptions for revenue growth, profit margins, and a higher future P/E multiple that align with recent Street price target increases from firms expressing a constructive view on specialty retail into 2026. Analyst Commentary Recent research has highlighted a more constructive tone around specialty retail into 2026, with some firms referencing factors such as inventory discipline and potential support from lower interest rates and gas prices.
Narrative Update • Feb 07

VSCO: Inventory Discipline And Macro Tailwinds Will Drive Future Repricing

Analysts have lifted their price targets for Victoria's Secret, with our fair value estimate nudging up from US$73.00 to US$75.00 as they factor in updated assumptions for revenue growth, profit margins and future P/E. This is supported by recent target increases from multiple firms citing inventory discipline and potential macro tailwinds.
Narrative Update • Jan 23

VSCO: Path To Potential Momentum Will Likely Outrun Durable Execution

Narrative Update Analysts lifted their price target on Victoria's Secret from about $37 to $47, citing higher targets from firms such as Barclays and improved execution under the "Path to Potential" plan, which they say is supporting slightly stronger growth assumptions, modestly better margins, and a higher future P/E multiple. Analyst Commentary Recent Street research on Victoria's Secret highlights a mix of optimism around the "Path to Potential" plan and caution about how durable any improvement might be.
Narrative Update • Jan 09

VSCO: Path To Potential And Fashion Show Engagement Will Drive Repricing

Narrative Update The analyst price target for Victoria's Secret has moved sharply higher from about $34.57 to $73.00. Analysts point to a more constructive sector view, management's "Path to Potential" initiatives and encouraging early signals from the 2025 Fashion Show as key supports for the reassessment.
Analysis Article • Dec 31

Victoria's Secret & Co.'s (NYSE:VSCO) 33% Jump Shows Its Popularity With Investors

Despite an already strong run, Victoria's Secret & Co. ( NYSE:VSCO ) shares have been powering on, with a gain of 33...
Narrative Update • Dec 15

VSCO: Path To Potential Execution Risk Will Likely Limit Further Upside

Narrative Update The analyst price target for Victoria's Secret has more than doubled from approximately $17 to about $37 per share, as analysts point to improving execution under the Path to Potential strategy, stronger brand momentum across VS and PINK, and better than expected earnings performance as key drivers of their outlook. Analyst Commentary Recent Street research continues to reflect a more balanced view on Victoria's Secret, with upgrades and higher price targets acknowledging operational progress while still embedding caution on the durability of the turnaround.
Narrative Update • Nov 30

VSCO: Margin Pressure Will Persist As Tariff Headwinds Remain A Risk

Analysts have increased their price target for Victoria's Secret from $29.90 to $31.20, citing stronger brand momentum and the positive impact of the company's ongoing strategic initiatives. Analyst Commentary Recent research notes from leading analysts reflect a growing sense of optimism around Victoria's Secret, balanced with ongoing cautions about the company’s execution and market positioning.
Narrative Update • Nov 16

VSCO: Margins May Face Pressure From Ongoing Tariff Headwinds This Year

Analysts have raised their fair value price target for Victoria's Secret from $29.00 to $29.90, citing sustained brand momentum and early signs of stabilization under new strategic initiatives. Analyst Commentary Recent street research reflects a dynamic range of perspectives regarding Victoria's Secret's near-term prospects and execution under new management.
Analysis Article • Nov 06

Victoria's Secret & Co.'s (NYSE:VSCO) 28% Price Boost Is Out Of Tune With Earnings

Despite an already strong run, Victoria's Secret & Co. ( NYSE:VSCO ) shares have been powering on, with a gain of 28...
Narrative Update • Nov 01

VSCO: Tariff Headwinds Will Limit Impact Of Management Turnaround Efforts

Analysts have raised Victoria's Secret fair value estimate from $25.40 to $29.00. They cite stronger management execution, ongoing brand initiatives, and early signs of business stabilization as key factors supporting the upward revision.
Narrative Update • Oct 18

Global Expansion And Inclusivity Will Create Future Opportunities

Victoria's Secret's analyst price target has risen modestly from $24.90 to $25.40. Analysts cite improved strategic execution, stronger earnings momentum, and optimistic early signs following leadership changes.
Narrative Update • Oct 04

Global Expansion And Inclusivity Will Create Future Opportunities

The analyst price target for Victoria's Secret increased from $23.80 to $24.90. This change reflects analyst optimism after stronger-than-expected Q2 results and early benefits from recent strategic initiatives.
Narrative Update • Sep 14

Global Expansion And Inclusivity Will Create Future Opportunities

Victoria's Secret's analyst price target has been raised to $23.80, reflecting growing confidence in its improved Q2 performance and strategic execution, though tempered by macroeconomic and tariff headwinds. Analyst Commentary Bullish analysts note that Victoria's Secret delivered a fiscal Q2 beat, with improving brand initiatives starting to gain traction.
Analysis Article • Sep 05

Victoria's Secret & Co.'s (NYSE:VSCO) Shares Bounce 30% But Its Business Still Trails The Market

Victoria's Secret & Co. ( NYSE:VSCO ) shareholders would be excited to see that the share price has had a great month...
Narrative Update • Aug 30

Expanding International Operations And Revitalizing PINK Will Drive Future Success

Analysts have lifted their price target for Victoria’s Secret to $22.70, citing improved brand perception, better-than-expected Q2 results, and effective management execution, though concerns remain about macro pressures and the sustainability of earnings upside. Analyst Commentary Bullish analysts highlight brand initiatives showing progress and improving consumer perception.
Analysis Article • Jul 22

Estimating The Fair Value Of Victoria's Secret & Co. (NYSE:VSCO)

Key Insights The projected fair value for Victoria's Secret is US$21.53 based on 2 Stage Free Cash Flow to Equity With...
Analysis Article • May 13

Improved Earnings Required Before Victoria's Secret & Co. (NYSE:VSCO) Stock's 28% Jump Looks Justified

Victoria's Secret & Co. ( NYSE:VSCO ) shareholders are no doubt pleased to see that the share price has bounced 28% in...
Seeking Alpha • Apr 21

Victoria's Secret: Tariffs Are The Latest Challenge

Summary Victoria's Secret & Co. stock has plummeted over two-thirds recently, driven by profit-taking, tariff concerns, and weak consumer sentiment. Despite a strong 3QFY24 and raised 4QFY24 outlook, VSCO stock retreated due to profit-taking and macroeconomic concerns, including tariffs. The company's balance sheet is stable, but the stock remains volatile amid potential buyout rumors and unknown impacts from new tariffs. An analysis around Victoria's Secret follows in the paragraphs below. Read the full article on Seeking Alpha
Analysis Article • Apr 15

Are Investors Undervaluing Victoria's Secret & Co. (NYSE:VSCO) By 25%?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Victoria's Secret fair value estimate is US$21.69 Victoria's...
Seeking Alpha • Mar 19

Victoria's Secret: Moving In The Right Direction, But FY25 Is An Uncertain Year

Summary I recommend a hold rating for Victoria's Secret due to FY25 uncertainties, despite encouraging 4Q24 results showing improved fundamentals and cost controls. 4Q24 highlights include 5% same-store sales growth, double-digit international growth, and a 60 bps increase in adj EBIT margin, beating EPS estimates. Key growth drivers: stabilization in intimates, international expansion, and solid cost discipline, supported by the new CEO's "Path to Potential" strategy. Read the full article on Seeking Alpha
Seeking Alpha • Mar 11

Victoria's Secret: Lacing Up Profits With A Turnaround That's Shaping Up Nicely

Summary Victoria's Secret shows signs of recovery with revenue growth, improved profitability, and a leaner cost structure, making shares attractive after a 60% drop YTD. Strong holiday sales, international expansion, and disciplined operations highlight the company's ability to navigate a challenging retail landscape and set a solid foundation for 2025. Risks include the need to resonate with Gen Z through the PINK brand and potential macroeconomic headwinds, but strategic focus on brand relevance and cost synergies is promising. Valuation is attractive at 7.3x earnings with a robust share buyback program, making Victoria's Secret a 'strong buy' with significant upside potential. Read the full article on Seeking Alpha
Analysis Article • Feb 28

Not Many Are Piling Into Victoria's Secret & Co. (NYSE:VSCO) Stock Yet As It Plummets 29%

The Victoria's Secret & Co. ( NYSE:VSCO ) share price has fared very poorly over the last month, falling by a...

Earnings and Revenue Growth Forecasts

NYSE:VSCO - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
1/31/20297,561N/A381N/A4
1/31/20287,2573583795979
1/31/20276,9643032614889
1/31/20266,553161312499N/A
11/1/20256,390170309500N/A
8/2/20256,265151242432N/A
5/3/20256,224167209391N/A
2/1/20256,230165247425N/A
11/2/20246,207153158340N/A
8/3/20246,125138196407N/A
5/4/20246,134104141381N/A
2/3/20246,182109133389N/A
10/28/20236,120101253516N/A
7/29/20236,173196219469N/A
4/29/20236,267268277475N/A
1/28/20236,344348273437N/A
10/29/20226,49942117194N/A
7/30/20226,622472250411N/A
4/30/20226,715553432603N/A
1/29/20226,785646682851N/A
10/30/20216,709683858991N/A
7/31/20216,6217511,0501,173N/A
5/1/20216,0734019571,076N/A
1/30/20215,413-72547674N/A
2/1/20207,509-89790315N/A
2/2/20198,103251N/A698N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VSCO's forecast earnings growth (36% per year) is above the savings rate (3.5%).

Earnings vs Market: VSCO's earnings (36% per year) are forecast to grow faster than the US market (16.8% per year).

High Growth Earnings: VSCO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: VSCO's revenue (4.6% per year) is forecast to grow slower than the US market (11.7% per year).

High Growth Revenue: VSCO's revenue (4.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: VSCO's Return on Equity is forecast to be high in 3 years time (32.1%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 05:45
End of Day Share Price 2026/05/26 00:00
Earnings2026/01/31
Annual Earnings2026/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Victoria's Secret & Co. is covered by 15 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adrienne Yih-TennantBarclays
Mary SportBofA Global Research
Lorraine Corrine HutchinsonBofA Global Research