Description of Victorias Secret And Co's Business Segments

Victoria's Secret & Co. operates a single reportable segment, which is assessed by the CEO, the Chief Operating Decision Maker (CODM), based on Net Income Attributable to the company. The company generates revenue primarily from the sale of women's intimate apparel, other apparel, and beauty products. Net sales and financial metrics are reported for the years 2023 through 2025. Net sales are segmented geographically into the U.S. (including U.S. territories) and international markets. International sales include revenues from company-operated stores outside the U.S., royalty income from franchise and license agreements, wholesale revenues, and direct international shipments. Long-lived assets are also reported by geographic region. Additional information regarding assets, capital expenditures, depreciation, amortization, and other significant non-cash transactions is provided in the company's financial statements and accompanying notes. The company has announced a strategic review of DailyLook, a digitally-based premium subscription styling service for women's apparel and accessories, acquired through the Adore Me transaction.

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Composition of Victorias Secret and Co Revenues by Segments


U S Private Label Credit Card Arrangement	1.28 %	of total Revenue
Stores North America	51.47 %	of total Revenue
Direct	30.06 %	of total Revenue
Direct European Union	1.09 %	of total Revenue
International	18.46 %	of total Revenue
Sales Channel Loyalty And Private Label Credit Card	1.28 %	of total Revenue
Sales Channel Directly to Consumer	30.06 %	of total Revenue
Reportable Segment	100 %	of total Revenue
UNITED STATES Reportable Segment	79.49 %	of total Revenue
Non-US Reportable Segment	20.51 %	of total Revenue

Q1 three months ended (May 02 2026)
Revenues by Business Segments	Revenues (in millions $)	% (of total Revenues)
U S Private Label Credit Card Arrangement	20.00	1.28 %
Stores North America	803.00	51.47 %
Direct	469.00	30.06 %
Direct European Union	17.00	1.09 %
International	288.00	18.46 %
Sales Channel Loyalty And Private Label Credit Card	20.00	1.28 %
Sales Channel Directly to Consumer	469.00	30.06 %
Reportable Segment	1,560.00	100 %
UNITED STATES Reportable Segment	1,240.00	79.49 %
Non-US Reportable Segment	320.00	20.51 %
Total	1,560.00	100 %

Q1 three months ended (May 02 2026)
Revenue Growth rates by Segment	Y/Y Revenue %	Q/Q Revenue %
U S Private Label Credit Card Arrangement	17.65 %	-
Stores North America	11.37 %	-
Direct	8.31 %	-
Direct European Union	-	-
International	44.72 %	-
Sales Channel Loyalty And Private Label Credit Card	17.65 %	-
Sales Channel Directly to Consumer	8.31 %	-
Reportable Segment	15.3 %	-
UNITED STATES Reportable Segment	11.41 %	-
Non-US Reportable Segment	33.33 %	-
Total	-	-

Q1 three months ended (May 02 2026)
Income by Business Segments	Income (in millions $)	% (Profit Margin)
Total	57.00	3.65 %

Q1 three months ended (May 02 2026)
Income Growth rates by Segment	Y/Y Income %	Q/Q Income %
Total	-	-

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