"We will be communicating to customers, but nothing similar in magnitude to the fashion show," CFO Stuart Burgdoerfer said on an earnings call with analysts.
"Unfortunately the Victoria's Secret show won't be happening this year," she said.
The show, which has taken place annually around this time of year since 1995, used to be widely regarded for its cast of slender supermodels.
Insiders told The Post that modeling in the show was once "The ultimate achievement."
The show has lost its sheen, helped along by a cascade of controversy.
"Did we see specific material impact in terms of a short-term sales response to the airing of the fashion show? As a general matter, the answer to that question is no."
The brand did not specify whether the cancellation is temporary, or the fashion show is gone for good.