Victoria’s Secret & Co. is showing some progress in the early stages of its turnaround bid.

On Thursday, the specialty retailer of bras and beauty products, lingerie and apparel beat Wall Street expectations as well as its own by reporting net sales of $1.46 billion for the second quarter ended Aug. 2, an increase of 3 percent compared to net sales of $1.42 billion for the year-ago period. VS had guided the market to a range of $1.38 billion to $1.41 billion.

Total comparable sales for the second quarter of 2025 increased 4 percent. Sales gains came despite Victoria’s Secret three-day website outage in May.

Operating income for the second quarter ended Aug. 2 came to $41 million compared to $62 million in the second quarter of 2024. Net income was $16 million, or $0.20 per diluted share

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