Victoria's Secret & Co. provided earnings guidance for the third quarter and full year 2022. The Company is forecasting third quarter 2022 net sales to decrease in the high single digit range compared to last year's third quarter net sales of $1.441 billion. Operating income is expected to be in the range of $10 million to $40 million compared to $108 million in the third quarter of 2021. Earnings are estimated to be in the range of $0.00 to $0.25 per diluted share compared to earnings of $0.81 per share last year.

The Company is forecasting full year 2022 net sales to decrease in the mid to high single digit range compared to last year's full year net sales of $6.785 billion.