Victoria’s Secret has boosted its full-year outlook as sales rose in its third quarter.

The lingerie retailer saw its operating loss narrow to £14m ($19m) for the 13 weeks ended 1 November, from £35m ($47m) the same time last year.

Net sales jumped 9% year on year to £1.10bn ($1.472bn) over the period.

The sales rise put the figure above the brand’s prior guidance range of between £1.04bn ($1.390bn) to £1.06bn ($1.420bn).

Victoria’s Secret’s revenue growth was driven by strength across its Victoria’s Secret, Pink and Beauty arms, as well as momentum across all of its channels and geographies.

The company’s adjusted operating income was breakeven at £0m, marking an improvement on its previous guidance range of an adjusted operating loss of £26m ($35m) to £41m ($55m).

The chain boosted its full year outlook, forecasting net sales between £4.8bn ($6.450bn) to £4.86bn ($6.48bn), up from its previous guidance of £4.74bn ($6.330bn) to £4.80bn ($6.410bn).

Victoria’s Secret forecast its fourth quarter sales to be between £1.62bn ($2.170bn) to £1.65bn ($2.200bn).

Victoria’s Secret & Co CEO Hillary Super said: “We delivered a standout third quarter, with outperformance on net sales and earnings per share, exceeding the high-end of our guidance. 

“Net sales increased 9% over last year, driven by strength across Victoria’s Secret, Pink and Beauty, and supported by momentum across channels and geographies.”

“These outstanding results reflect disciplined execution of our path to potential strategy. 

“Building on the third quarter’s outperformance as well as the solid start to our fourth quarter, we are raising our full year outlook and are well positioned for a successful holiday season and finish to our fiscal 2025.”

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