Victoria’s Secret Postpones Earnings After Security Breach; PVH Reports Q1 EPS $2.30, Revenue $1.98B, Cuts Full-Year Outlook

Victoria's Secret experienced a security breach that forced the company to take down its U.S. shopping website for several days and postpone the release of its quarterly earnings report. The retailer expressed concerns that the incident could compromise the security of customer, associate, third-party, and company information, potentially impacting its financial results. Meanwhile, PVH Corp., the parent company of Victoria's Secret and Calvin Klein, reported first-quarter 2025 adjusted earnings per share of $2.30 and revenue of $1.98 billion, exceeding guidance due to strong performances from Tommy Hilfiger and a viral Calvin Klein campaign. Despite these positive results, PVH's stock dropped over 10% in pre-market trading following the earnings release and a lowered full-year outlook. Victoria's Secret also provided preliminary first-quarter numbers but postponed its full results announcement.