Overview
- Victoria’s Secret detected a security incident on May 24 and shut down its online store and corporate systems on May 26, restoring the e-commerce site on May 29.
- The outage blocked employees from accessing systems needed to complete the first-quarter financial report, prompting a postponement of the earnings release originally scheduled for early June.
- Preliminary results for the quarter ended May 3 show net sales of $1.35 billion and an adjusted operating income of $32 million, surpassing prior guidance.
- The company said the breach has not materially disrupted operations to date but has generated expenses that could weigh on future financial performance.
- This incident follows recent cyberattacks on other retailers including Marks & Spencer, Cartier and Adidas, underscoring rising digital risks in the sector.