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Victoria's Secret Delays Earnings After Cybersecurity Breach

6/4/2025

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Summary

Story summary

Victoria’s Secret delayed its Q1 earnings report following a cybersecurity breach on May 24.
The website was temporarily shut down, with services resumed by Thursday.
Analysts indicated the breach affected Memorial Day weekend sales but not Q1 results.
Projected net sales stand at $1.35 billion, with adjusted operating income of $32 million.
The company continues to face challenges from tariffs and recession risks.

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Story summary

Victoria’s Secret delayed its Q1 earnings report following a cybersecurity breach on May 24.
The website was temporarily shut down, with services resumed by Thursday.
Analysts indicated the breach affected Memorial Day weekend sales but not Q1 results.
Projected net sales stand at $1.35 billion, with adjusted operating income of $32 million.
The company continues to face challenges from tariffs and recession risks.