How did VSCO's revenue and expenses trend in Q4 2025?

Victoria's Secret & Co. (VSCO) exhibited robust performance in Q4 2025, with revenue surpassing expectations and a notable increase in earnings per share (EPS), despite slight variances in expense management.

1. **Revenue Trend**: VSCO's revenue for Q4 2025 was $2.11 billion, surpassing the anticipated $2.09 billion by approximately 1%. This positive deviation from the forecast indicates strong sales performance across both the Victoria's Secret and PINK brands, as well as the Beauty business.
2. **Expense Management**: While specific cost figures for Q4 2025 are not available, the company's focus on reducing promotional activities and maintaining healthy profit margins is evident. The company's gross profit margin stood at 36.67% over the last twelve months, reflecting effective cost control.
3. **Profitability**: The company reported an EPS of $2.60 for Q4 2025, exceeding the forecast of $2.27 by approximately 14.5%. This significant outperformance highlights efficient operational management and a strong financial foundation, despite near-term headwinds and macroeconomic uncertainty.
4. **Sales Growth**: VSCO experienced a 5% increase in total comparable sales for Q4 2024, indicating a strong sales momentum. This growth was driven by sales increases in both physical stores and digital channels, as well as contributions from North America and International businesses.
5. **Financial Outlook**: For fiscal year 2025, VSCO forecasts net sales between $6.2 billion and $6.3 billion, suggesting a flat to slightly increased revenue trend. The company also anticipates a flat or slightly decreased operating income, with the most significant decline expected in Q1.

In conclusion, VSCO's Q4 2025 financial performance demonstrates resilience and growth, underscored by strong revenue exceeding expectations and a significant uplift in EPS. While specific expense details are lacking, the company's strategic focus on cost control and profitability is evident in its financial metrics.