Reducing its earnings losses for the three-month period, US lingerie giant Victoria's Secret & Co surpassed its sales expectations for Q1, FY25.

The Ohio-based company's sales for the quarter ending May 3 totaled $1.353 billion, surpassing its own guidance of $1.30 billion to $1.33 billion. However, this figure remained flat compared to the same period last year, primarily due to a 1 per cent decline in total comparable sales.

Making significant improvements in its financial performance for the quarter, Victoria's Secret reduced its net loss to just $2 million during the quarter as against a net loss of $4 million in the prior-year quarter.

The brand focused on proactively managing the business during the quarter, ensuring it remains nimble and protects investments in customer experience, brand health, and product innovation, says Hillary Super, CEO.

Reaffirming its forecast for the full year, the company projected sales in the range of $6.2 billion to $6.3 billion.

Earlier this month, the underwear company temporarily shut down its website for several days following a security incident related to its information technology systems.