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Victoria’s Secret forecasts $20 million hit from China tariffs

Victoria’s Secret has announced its latest performance results for the fourth quarter and fiscal year ended February 1, 2025. The Company reported net sales of $6.230 billion for the 52-week fiscal year 2024, an increase of 1% compared to 2023. CEO Hillary Super noted that the 2025 forecast data would account for tariff factors, as the company will face an additional 10% tariff on Chinese-made goods, resulting in a reduction in operating income by $10 million to $20 million.

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