WinstonWınston
Back
Victoria's Secret & Company logo

Victoria's Secret & Company

VSXY
46
Apparel - Retail · Consumer Cyclical
Exchange
New York Stock Exchange
Winston Score
46
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Apr 30, 2026
How the score breaks down
Quality
Mixed
Growth
Weak
Cash Flow
Strong
Stability
Good
Valuation
Good

Winston Score History

The full picture

Victoria's Secret & Company sells women's lingerie, sleepwear, beauty products, and apparel through its two main brands: Victoria's Secret and PINK. It targets women and younger shoppers, selling through its own retail stores and website. The company is one of the largest specialty lingerie retailers in the United States.

Victoria's Secret makes money by selling products directly to customers through roughly 1,400 company-owned stores in North America and through international franchise and partnership agreements in other countries. Its brand recognition and loyal customer base give it some competitive staying power, but it faces real pressure from fast-fashion competitors, direct-to-consumer startups, and shifting consumer preferences around body image and inclusivity. The company has been working to rebuild its brand after years of declining sales, and whether it can attract younger shoppers while keeping its existing customers is the central challenge ahead.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
37.6%
Modest — 37.6% gross margin
Profit after running costs
Operating Margin
5.3%
Thin — 5.3% operating margin
Return on the money invested
ROCE
18.7%
Strong — 18.7% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
1/2 quarters
Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
243%
Turns 243% of profit into real cash
Spare cash per sale
FCF Margin
4.6%
Thin free cash flow (4.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
1.25
Elevated debt (1.25)
Covers its interest
Interest Cover
4.90x
Adequate interest coverage (4.9x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
35.0x
no trend
Pricey — P/E 35.0

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+18.7
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (35.0 → 16.2)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial