Investing.com -- Victoria's Secret & Co. (NYSE: VSCO) reported first quarter results that exceeded analyst expectations and raised its full-year outlook, sending shares up 1.7% premarket following the announcement.

The company posted adjusted earnings of $0.60 per share for the first quarter, beating the analyst estimate of $0.32 by $0.28. Revenue increased 15% to $1.56 billion, surpassing the consensus estimate of $1.52 billion and marking a significant improvement from $1.35 billion in the same quarter last year. The company delivered its fourth consecutive quarter of positive comparable sales, which rose 13%.

The company's operating income reached $76 million, while adjusted operating income of $80 million significantly exceeded its prior guidance range of $32 million to $42 million.

"We delivered a very strong start to 2026, exceeding top- and bottom-line guidance and continuing the momentum we built in the back half of last year," said Hillary Super, Chief Executive Officer. "We drove double-digit sales growth across Victoria's Secret, PINK, and Beauty, as well as our fourth consecutive quarter of positive comps."

The company raised its fiscal 2026 revenue guidance to $7.03 billion to $7.13 billion, up from its previous range of $6.85 billion to $6.95 billion. The midpoint of $7.08 billion exceeds the analyst consensus of $6.96 billion. Victoria's Secret also increased its adjusted operating income guidance to $550 million to $580 million, compared to its prior range of $430 million to $460 million.

For the second quarter, the company expects revenue between $1.59 billion and $1.62 billion, compared to $1.46 billion in the prior year period. Operating income is forecast at $90 million to $100 million.