Victoria?s Secret & Co. Issues Letter to Shareholders

Published: 2026-05-18 10:05:29 ET VSCO

Published on 05/18/2026 at 10:05 am EDT

On May 18, 2026, Victoria?s Secret & Co. issued a letter to shareholders highlighting significant progress and shareholder value creation achieved under the leadership of Chief Executive Officer Hillary Super and the support of the Board, emphasizing strong operational and financial momentum under its Path to Potential strategy, which the Board believes is the best path to sustained long-term shareholder value creation. In addition, the Company stating that since the announcement of Super?s appointment in August 2024, the Company has delivered total shareholder return of 141% significantly outperforming the peer group, the S&P 500 Consumer Discretionary Distribution Retail index and the S&P 600, while in fiscal year 2025 the Company delivered comparable sales growth, improved profitability, growth across brands, channels and geographies and continued progress across the four pillars of the strategy including supercharging bra authority, recommitting to PINK, fueling growth in beauty and evolving brand projection and go-to-market strategy, as research analysts recognize that the strategy is working and the Company is transitioning to structural growth with sustained comp sales growth.

Further, the Company stating that despite its progress BBRC International Pte Limited and its Chairman Brett Blundy have launched a proxy contest that the Company believes threatens to disrupt momentum without offering a compelling case for change, and therefore the Board encourages shareholders to vote for all its directors at the 2026 Annual Meeting scheduled to be held on June 11, 2026.