{
  "url": "https://struct.news/briefs/victorias-secrets-1044-profit-surge-includes-a-135-million-tariff-refund",
  "title": "Victoria’s Secret’s 1,044% profit surge includes a $135 million tariff refund",
  "summary": "A $135 million IEEPA tariff recovery helped push six-month operating income to $333 million, even as the stock fell 13.4% at the latest close.",
  "published_at": "2026-09-04T11:28:08.691381+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Victorias Secret & Co.",
    "ticker": "VSXY",
    "cik": "1856437",
    "sector": "Consumer Cyclical",
    "industry": "Apparel Retail"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-09-04",
    "accession": "0001856437-26-000021",
    "url": "https://www.sec.gov/Archives/edgar/data/1856437/000185643726000021/vsco-20260801.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-09-05",
    "url": "https://www.sec.gov/Archives/edgar/data/1856437/000185643725000039/vsco-20250802.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 6553000000,
      "display": "$6.6B",
      "unit": "usd",
      "period": "2026-01-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001856437-26-000021",
        "filing_date": "2026-09-04"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 5.184590690208668,
      "display": "+5.2%",
      "unit": "percent",
      "period": "2026-01-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001856437-26-000021",
        "filing_date": "2026-09-04"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 4.135510453227529,
      "display": "+4.1%",
      "unit": "percent",
      "period": "2026-01-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001856437-26-000021",
        "filing_date": "2026-09-04"
      }
    }
  ],
  "watch_next": [
    {
      "type": "tariffs",
      "statement": "A $135 million IEEPA tariff refund recovery materially lifted six-month gross profit and operating income; compare future periods for additional recoveries or their absence.",
      "importance": "medium",
      "evidence": "a $135 million benefit from the recognition of IEEPA tariff refund recoveries, an increase in regular-priced selling and a decrease in promotional activity.",
      "source_date": "2026-09-04"
    },
    {
      "type": "interest_rates",
      "statement": "Year-to-date interest expense fell as average debt and the term-loan borrowing rate declined; compare the next reported interest burden and debt levels.",
      "importance": "medium",
      "evidence": "For year-to-date 2026, our interest expense decreased $5 million to $30 million compared to year-to-date 2025 primarily due to our lower average outstanding debt under our ABL Facility and Term Loan Facility and a lower average borrowing rate for our Term Loan Facility.",
      "source_date": "2026-09-04"
    }
  ],
  "related_tickers": [
    "VSXY"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}