Recent Updates — VSXY
Melinda McAfee, Victoria’s Secret & Co.’s Chief Legal and Compliance Officer, will leave the company effective March 31, 2027. The firm has entered into a Transition and Separation Agreement under which she retains her current role until a successor is appointed, then serves in a non-executive capacity to ensure a smooth transition. She receives severance benefits per the Executive Severance Agreement dated June 29, 2021, contingent on executing a release of claims and adhering to restrictive covenants. The company has initiated a search for her replacement. Victoria's Secret & Co. operates in the specialty retail industry, selling lingerie, beauty products, and related merchandise.
Victoria’s Secret & Co. reported second quarter 2026 net sales of $1.611 billion, a 10% increase from the prior year period, with total comparable sales rising 9%. Operating income surged to $257 million compared to $41 million in the previous year, driven by strong regular-price selling and over $140 million in IEEPA tariff refunds. Adjusted operating income reached $124 million, significantly exceeding guidance, while adjusted net income was $80 million or $0.95 per diluted share. The company raised its full-year 2026 net sales guidance to a range of $7.100 billion to $7.180 billion and updated adjusted operating income expectations upward. Victoria’s Secret & Co. operates as a specialty retailer of modern, fashion-inspired lingerie, apparel, and beauty products.
Victoria's Secret & Co. announced the appointment of Gerri Martin-Flickinger to its Board of Directors, effective September 14, 2026. The Board increased in size from nine to ten directors to fill this vacancy. Ms. Martin-Flickinger, formerly Executive Vice President and Chief Technology Officer at Starbucks, brings expertise in technology, digital transformation, and cybersecurity. She will serve on the Audit Committee upon joining the Board. Her compensation aligns with the Company’s non-employee director plan. Victoria's Secret & Co. operates as a specialty retailer of lingerie, apparel, and beauty products.