From Yahoo Finance: 2025-06-03 10:21:00

Victoria’s Secret postponed its quarterly earnings release due to a security breach. The lingerie brand detected a cyberattack involving ransomware on May 24, leading to the shutdown of its U.S. shopping site. Most functions have been restored, but earnings are delayed as systems are being fully restored.

Analysts note a trend of retailers facing cyberattacks after Victoria’s Secret’s breach. The company expects to report $1.35 billion in net sales for Q1 2025, exceeding previous guidance. The breach didn’t impact Q1 results, but future expenses will be assessed. A new earnings release date is pending.

Other British retailers like Marks & Spencer and Harrods have also faced cyberattacks recently. Marks & Spencer estimates a cost of 300 million pounds due to disruptions. Adidas also experienced a data breach involving consumer contact information. Consumers are advised to be cautious of potential phishing scams post-breach incidents.

Read more: Victoria’s Secret says it will postpone earnings report after recent security breach