Victoria's Secret has restored all critical systems impacted by a May 24 security incident that forced it to shut down corporate systems and the e-commerce website.
The company operates around 1,380 retail stores in nearly 70 countries and has reported net sales of $1.353 billion for the first quarter of 2025, with a forecasted net sales range of up to $6.3 billion for the year.
In a Thursday filing with the U.S. Securities and Exchange Commission, the company disclosed that all restored critical systems are now fully operational and that it's working with external experts to assess the cyberattack's impact.
It also believes the incident will likely have no material impact on its yearly fiscal results, even though it may continue to incur expenses related to the attack.
"We immediately enacted our response protocols to contain and eradicate unauthorized network access, and third-party experts were engaged. All critical systems are restored and fully operational," Victoria's Secret said.
"We continue to assess the full scope and impact of the incident. This incident has not caused a material disruption to our operations to date and we do not believe it will have a material impact to our fiscal year 2025."
Quarterly earnings release delayed
As the company revealed after disclosing the incident last month, it was forced to take down corporate systems, some in-store services, and the e-commerce website as a precaution on May 26.
A Victoria's Secret spokesperson told BleepingComputer that the fashion retail giant was working to restore operations and had hired external experts to investigate the breach.
In a June 3 press release, Victoria's Secret added that it had to postpone releasing financial results for the first quarter because systems needed during this process were unreachable after the attack.
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