v3.26.1
Segment Information (Tables)
 6 Months Ended
Aug. 01, 2026
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information
The following table provides the Company’s segment information for the second quarter and year-to-date 2026 and 2025:
Second QuarterYear-to-Date
2026202520262025
(in millions)
Net Sales$1,611 $1,459 $3,170 $2,812 
Costs of Goods Sold(509)(610)(1,142)(1,168)
Buying and Occupancy Expenses(343)(330)(684)(651)
General, Administrative and Store Operating Expenses (a)(408)(394)(811)(751)
Advertising and Marketing Expenses(94)(84)(200)(181)
Operating Income$257 $41 $333 $61 
Interest Expense(15)(18)(30)(35)
Provision for Income Taxes(60)(6)(67)(9)
Other Items (b)1 (1)(5)(3)
Net Income Attributable to Victoria’s Secret & Co.
$183 $16 $231 $14 
_______________
(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 second quarter and year-to-date 2026 and 2025:
Second QuarterYear-to-Date
2026202520262025
(in millions)
U.S. (a)$1,295 $1,179 $2,534 $2,292 
Outside of the U.S. (b)316 280 636 520 
Total Net Sales$1,611 $1,459 $3,170 $2,812 
_______________
(a)Includes U.S. territories.
(b)Includes sales from Company-operated stores outside of the U.S., consolidated China Joint Venture sales, 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 August 1, 2026, January 31, 2026 and August 2, 2025:
August 1,
2026		January 31,
2026		August 2,
2025
(in millions)
U.S. (a)$2,291 $2,211 $2,258 
Outside of the U.S.191 188 160 
Total Long-lived Assets$2,482 $2,399 $2,418 
_______________
(a)Includes U.S. territories.