Victorias Secret & Co. VSCO

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
52/100
Moderate

Ranked against 33 peers in Apparel Retail

About Victorias Secret & Co.

Victoria's Secret & Co. operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, apparel, sport, and swim products, as well as prestige fragrances and body care products; and loungewear, activewear, and accessories and beauty products under the Victoria's Secret, PINK, and Adore Me brands. The company provides … Full VSCO analysis →

Key strengths

  • Cash Generation Consistent Cash generation is consistent (score 0.73), indicating reliable business model.
  • Consistent Cash Generation Cash generation is strong and consistent (score 0.73).

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 33.3th percentile with high volatility suggests weak pricing power or commoditized products.
  • Elevated Debt Risk Debt serviceability is weak (score 0.38), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
44
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where VSCO ranks in Apparel Retail

Victorias Secret & Co. ranks #17 of 34 scored companies in Apparel Retail by moat score — the top 50%. The widest moat in the group is lululemon athletica inc. (LULU) at 83/100.

# Company Moat score Rating
13 Shoe Carnival, Inc. SCVL 58/100 Moderate
14 BrilliA Inc - Class A BRIA 58/100 Moderate
15 Guess?, Inc. GES 57/100 Moderate
16 Genesco Inc. GCO 52/100 Moderate
17 Victorias Secret & Co. VSCO 52/100 Moderate
18 Lands' End, Inc. LE 48/100 Developing
19 Torrid Holdings Inc. CURV 46/100 Developing
20 Duluth Holdings Inc. DLTH 41/100 Developing
21 Foot Locker, Inc. FL 40/100 Developing

See every General Corporate company ranked by moat score →

How VSCO scores on the Corporate Default defenses

Pricing Power

Score 44 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 64 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 72 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 50 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 44 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 39 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding VSCO's moat

What is Victorias Secret & Co.'s moat score?

Victorias Secret & Co. (VSCO) scores 52 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #17 of 34 scored companies in Apparel Retail, the top 50%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Apparel Retail. Its strongest defense is Customer Stickiness (72/100) and its weakest is Scale & Market Position (39/100).

How does Victorias Secret & Co. compare with other Apparel Retail companies?

Victorias Secret & Co. ranks #17 of 34 scored companies in Apparel Retail by moat score. The widest moat in Apparel Retail is lululemon athletica inc. (LULU) at 83/100. The companies ranked closest are Genesco Inc. (GCO) at 52 just above it and Lands' End, Inc. (LE) at 48 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Apparel Retail. The defenses are then weighted to produce the overall score out of 100.

Why is Victorias Secret & Co. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Victorias Secret & Co.?

The Corporate Default template measures 6 defenses, and VSCO scores: Pricing Power (44), Cost Advantage (64), Customer Stickiness (72), Capital Efficiency (50), Resilience (44), Scale & Market Position (39). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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