Victoria's Secret & Co. revised earnings guidance for the fourth quarter of 2022. For the period, the Company is now forecasting fourth quarter 2022 operating income to be in the range of $245 million to $265 million, or approximately 12% to 13% of sales, compared to its previously communicated guidance range of $240 million to $290 million.

The company now expects net income for the fourth quarter 2022 to be in the range of $2.05 to $2.25 per diluted share, compared to its previously communicated guidance range of $2.00 to $2.45 per diluted share. Consistent with this level of profitability, the Company reaffirms the fourth quarter 2022 sales guidance provided on November 30, 2022 which forecasted a net sales decline in the high-single digit range compared to last year's fourth quarter net sales of $2.175 billion.