Victoria's Secret & Co.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Net Sales $7.5b $5.4b $6.8b $6.3b $6.2b $6.2b $6.6b
Costs of Goods Sold, Buying and Occupancy ($5.4b) ($3.8b) ($4.0b) ($4.1b) ($3.9b) ($3.9b) ($4.2b)
Gross Profit $2.1b $1.6b $2.8b $2.3b $2.2b $2.3b $2.4b
General, Administrative and Store Operating Expenses ($2.2b) ($1.7b) ($1.9b) ($1.8b) ($2.0b) ($2.0b) ($2.1b)
Operating Income ($892.0m) ($101.0m) $870.0m $478.0m $246.0m $310.0m $271.0m
Other Income (Loss) $1.0m $1.0m $0 ($1.0m) $0 ($3.0m) $7.0m
Provision for Income Taxes ($2.0m) ($34.0m) $197.0m $79.0m $31.0m $52.0m $19.0m
Income Before Income Taxes ($899.0m) ($106.0m) $843.0m $417.0m $147.0m $221.0m $208.0m
Net Income ($897.0m) ($72.0m) $646.0m $338.0m $116.0m $169.0m $189.0m
Net Income Attributable to Victoria’s Secret & Co. ($897.0m) ($72.0m) $646.0m $348.0m $109.0m $165.0m $161.0m
Net Income Per Basic Share (in dollars per share) ($10) ($1) $7 $4 $1 $2 $2
Net Income Per Diluted Share (in dollars per share) ($10) ($1) $7 $4 $1 $2 $2
Less: Net Income Attributable to Noncontrolling Interest $0 $0 ($10.0m) $7.0m $4.0m $28.0m
Interest Expense ($8.0m) ($6.0m) ($27.0m) ($60.0m) ($99.0m) ($86.0m) ($70.0m)

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.