XML 43 R33.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information (Tables)
 9 Months Ended
Nov. 01, 2025
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information
The following table provides the Company’s segment information for the third quarter and year-to-date 2025 and 2024:
Third QuarterYear-to-Date
2025202420252024
(in millions)
Net Sales$1,472 $1,347 $4,284 $4,124 
Costs of Goods Sold(605)(550)(1,773)(1,673)
Buying and Occupancy Expenses(331)(329)(982)(980)
General, Administrative and Store Operating Expenses (a)(403)(379)(1,154)(1,105)
Advertising and Marketing Expenses(152)(136)(333)(324)
Operating Income (Loss)$(19)$(47)$42 $42 
Interest Expense(18)(22)(53)(66)
(Provision) Benefit for Income Taxes6 15 (4)(2)
Other Items (b)(6)(2)(8)(2)
Net Loss Attributable to Victoria’s Secret & Co.
$(37)$(56)$(23)$(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 third quarter and year-to-date 2025 and 2024:
Third QuarterYear-to-Date
2025202420252024
(in millions)
U.S. (a)$1,167 $1,102 $3,459 $3,424 
Outside of the U.S. (b)305 245 825 700 
Total Net Sales$1,472 $1,347 $4,284 $4,124 
_______________
(a)Includes U.S. territories.
(b)Includes sales from Company-operated stores outside of the U.S., consolidated joint venture sales in China, royalties associated with franchise partners sales, wholesale sales, and net sales shipped internationally for direct channels operated by the Company. 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 November 1, 2025, February 1, 2025 and November 2, 2024:
November 1,
2025		February 1,
2025		November 2,
2024
(in millions)
U.S. (a)$2,231 $2,136 $2,152 
Outside of the U.S.164 143 155 
Total Long-lived Assets$2,395 $2,279 $2,307 
_______________
(a)Includes U.S. territories.