David Marino-Nachison
1 min read
Shares of Victoria’s Secret (VSCO) fell Tuesday, extending 2025 declines, after the intimate apparel company disclosed a technology-related “security incident” it said could affect its financial performance.
Victoria’s Secret said the incident, detected May 24, required it to shut down its e-commerce site and corporate systems for several days. While that timing meant the issues won’t affect its results for the quarter ended May 3, the company said the release of those results would be delayed. (It was expected to report before the open on Thursday.)
The incident “has not caused a material disruption to its operations to date,” the company said in a statement. “The Company has incurred, and may continue to incur, expenses and other financial impacts related to this incident, which could negatively impact its future financial results, including for the second quarter of fiscal 2025.”
Victoria’s Secret announced preliminary results for the first quarter, which included revenue, adjusted operating income and adjusted earnings per share that generally compared well with previous guidance.
The stock dropped close to 3% Tuesday, bringing its year-to-date losses to about 51%. The company in March offered up a full-year sales outlook that suggested slim growth.
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