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Victoria's Secret Seen Posting Q2 EPS Beat, Raising 2026 Outlook, UBS Says

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Victoria's Secret (VSXY) maintained its sales momentum in Q2, with strength in its core North America business and healthy international trends supporting a potential earnings beat and higher fiscal 2026 guidance, UBS said in a note emailed Tuesday.

The company is scheduled to report its Q2 results on Sept. 3.

UBS expects a 6 cent Q2 EPS beat and a full-year EPS guidance increase, citing expected Q2 outperformance and lower second-half tariffs, according to the note.

The brokerage noted the market has a similar view, and therefore sees a balanced upside/downside skew over the event. UBS raised its 2026 to 2028 EPS estimates by 5% to 7%.

The brokerage maintained a neutral rating and raised the price target to $95 price target from $90.

Price: $84.45, Change: $+0.34, Percent Change: +0.41%

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