v3.26.1
Segment Information (Tables)
 3 Months Ended
May 02, 2026
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information
The following table provides the Company’s segment information for the first quarter of 2026 and 2025:
First Quarter
20262025
(in millions)
Net Sales$1,560 $1,353 
Costs of Goods Sold(634)(558)
Buying and Occupancy Expenses(341)(321)
General, Administrative and Store Operating Expenses (a)(403)(356)
Advertising and Marketing Expenses(106)(98)
Operating Income$76 $20 
Interest Expense(15)(17)
Provision for Income Taxes(7)(3)
Other Items (b)(6)(2)
Net Income (Loss) Attributable to Victoria’s Secret & Co.
$48 $(2)
_______________
(a)Excludes Advertising and Marketing Expenses.
(b)Other Items includes net income attributable to noncontrolling interest, interest income and other miscellaneous expense items.
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue
The following table provides Net Sales by geographic location for the first quarter of 2026 and 2025:
First Quarter
20262025
(in millions)
U.S. (a)$1,240 $1,113 
Outside of the U.S. (b)320 240 
Total Net Sales$1,560 $1,353 
_______________
(a)Includes U.S. territories.
(b)Includes sales from Company-operated stores outside of the U.S., consolidated joint venture sales in China, royalties associated with franchise partners sales, wholesale sales, and net sales shipped internationally for direct channels operated by the Company. Certain of these sales are subject to the impact of fluctuations in foreign currency.
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Long-Lived Asset
The following table provides long-lived assets, excluding deferred tax assets, equity method investments, goodwill, trade names, and other intangible assets, by geographic location as of May 2, 2026, January 31, 2026 and May 3, 2025:
May 2,
2026		January 31,
2026		May 3,
2025
(in millions)
U.S. (a)$2,238 $2,211 $2,158 
Outside of the U.S.185 188 164 
Total Long-lived Assets$2,423 $2,399 $2,322 
_______________
(a)Includes U.S. territories.