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Segment Information (Tables)
6 Months Ended
Aug. 02, 2025
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 2025 and 2024:
Second QuarterYear-to-Date
2025202420252024
(in millions)
Net Sales$1,459 $1,417 $2,812 $2,777 
Costs of Goods Sold(610)(588)(1,168)(1,123)
Buying and Occupancy Expenses(330)(328)(651)(651)
General, Administrative and Store Operating Expenses (a)(394)(364)(751)(726)
Advertising and Marketing Expenses(84)(75)(181)(188)
Operating Income$41 $62 $61 $89 
Interest Expense(18)(21)(35)(43)
Provision for Income Taxes(6)(9)(9)(16)
Other Items (b)(1)— (3)(2)
Net Income Attributable to Victoria’s Secret & Co.
$16 $32 $14 $28 
_______________
(a)Excludes Advertising and Marketing Expenses.
(b)Other Items includes net income attributable to noncontrolling interest, interest income and other miscellaneous expense items.
Revenue from External Customers by Geographic Areas
The following table provides Net Sales by geographic location for the second quarter and year-to-date 2025 and 2024:
Second QuarterYear-to-Date
2025202420252024
(in millions)
U.S. (a)$1,179 $1,182 $2,292 $2,322 
Outside of the U.S. (b)280 235 520 455 
Total Net Sales$1,459 $1,417 $2,812 $2,777 
_______________
(a)Includes U.S. territories.
(b)Includes sales from Company-operated stores outside of the U.S., royalty revenue from franchise and license arrangements, wholesale revenues and direct sales shipped internationally. Certain of these sales are subject to the impact of fluctuations in foreign currency.
Long-Lived Assets by Geographic Areas
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 2, 2025, February 1, 2025 and August 3, 2024:
August 2,
2025
February 1,
2025
August 3,
2024
(in millions)
U.S. (a)$2,258 $2,136 $2,159 
Outside of the U.S.160 143 152 
Total Long-lived Assets$2,418 $2,279 $2,311 
_______________
(a)Includes U.S. territories.