From Yahoo Finance: 2025-06-04 10:04:00

Victoria’s Secret delays Q1 earnings release due to a security breach. The breach disrupted access to systems needed to release financial results. However, early figures show sales, operating income, and earnings per share are expected to exceed forecasted ranges. Net sales are estimated at $1.35bn, higher than previously guided.

The security incident prompted Victoria’s Secret to temporarily suspend corporate systems and online store operations. Third-party experts were called in to manage and neutralise the breach. Most retail location disruptions have been resolved. The company may incur expenses from the incident, affecting future financial results for Q2 FY25.

The Audit Committee of the Board of Directors is evaluating the full extent and repercussions of the security breach. While employee access to systems was hindered, financial performance for the quarter ending 3 May was not affected. The company will announce a new date for the postponed earnings call webcast.



Read more at Yahoo Finance: Victoria’s Secret delays Q1 release, projects strong sales amid IT breach