Goldman Sachs analyst Kate McShane on Tuesday reiterated a Buy rating on the shares of Bath & Body Works Inc BBWI with a price forecast of $49.00.BBWI is leveraging collaborations, like its Disney Princess collection, to boost customer traffic during off-peak periods, with app downloads and search interest rising.The Disney collection outperformed others in search interest, with peak searches observed shortly after its launch, highlighting its strong market impact.BBWI saw a 42% year-over-year increase in a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 ______________________________________________________ FORM 10-K ______________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the transition period from to Commission fil ...

Retail investors focus on who is buying certain stocks every quarter, as institutional holdings and investors are reported in that same cadence. However, there is a different way to look at buying activity, one that is much more powerful if it meets all the right criteria. This is through insider buying or corporate or management stock buyback programs. Understanding the importance of stock buybacks, when done right, can lead investors to align with the companies that pose some of the best risk-to-reward se ...

I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company's financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn't limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a ...

Core Insights - Bath & Body Works (BBWI) reported fourth-quarter fiscal 2024 results with revenues and earnings surpassing Zacks Consensus Estimates, although revenues declined year over year [1][2][3] Financial Performance - Adjusted earnings per share for the fourth quarter were $2.09, beating the Zacks Consensus Estimate of $2.04, and increased by 1.5% from $2.06 in the same quarter last year [3] - Revenues decreased by 4.3% year over year to $2,788 million, exceeding the Zacks Consensus Estimate of $2,772 million, impacted by a shifted fiscal calendar [4] - U.S. and Canada store revenues fell by 2.4% to $2.11 billion, surpassing the consensus estimate of $2.07 billion, while direct revenues tumbled 9.4% to $595 million, missing the estimate [5] Operational Metrics - Gross profit decreased by 2.7% year over year to $1.30 billion, but gross margin expanded by 80 basis points to 46.7% due to cost savings and distribution productivity [7] - Operating income was reported at $678 million, down 2.6% from the previous year, with an operating margin increase of 40 basis points to 24.3% [8] Store and Market Presence - The company ended the quarter with 1,895 stores, including 1,782 in the U.S. and 113 in Canada, having opened 106 stores and closed 61 during fiscal 2024 [9] Financial Health - Cash and cash equivalents stood at $674 million, with long-term debt of $3.88 billion and long-term operating lease liabilities of $883 million [12] Fiscal 2025 Outlook - For fiscal 2025, net sales growth is projected between 1% and 3%, with North American square footage expanding by 2-3% and international net sales expected to return to growth [13] - The gross margin is anticipated at 44%, with SG&A expenses expected to be 27% [14] - Full-year earnings per share are projected to be between $3.25 and $3.60, with adjusted earnings expected at $3.29 [15] - Free cash flow is projected between $750 million and $850 million, with an annual dividend of 80 cents per share and $300 million planned for share repurchases [16] Q1 Guidance - For the first quarter of fiscal 2025, net sales growth is expected between 1% and 3%, with international retail sales increasing in the high-single digits [17] - Earnings per share for the first quarter are anticipated to be between 36 and 43 cents, compared to 38 cents in the same quarter of fiscal 2024 [18]

Key TakeawaysBath & Body Works warned that tariffs on Chinese goods would negatively affect its full-year results.CEO Gina Boswell also noted that the retail industry faced "complex challenges."The company's guidance offset better-than-expected fourth-quarter profit and sales. Bath & Body Works (BBWI) shares tumbled 10% Thursday as the personal care and home fragrance retailer warned that new tariffs and soft consumer spending would hurt future results. The company sees full-year earnings per share (EPS) be ...

Bath & Body Works, Inc. (NYSE:BBWI) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Luke Long - Vice President, Investor Relations Gina Boswell - Chief Executive Officer Eva Boratto - Chief Financial Officer Conference Call Participants Ike Boruchow - Wells Fargo Matthew Boss - J.P. Morgan Lorraine Hutchinson - Bank of America Kate McShane - Goldman Sachs Alex Straton - Morgan Stanley Mark Altschwager - Baird Paul Lejuez - Citi Krisztina Katai - Deutsche Bank Dana Telsey - ...

Bath & Body Works (BBWI) reported $2.79 billion in revenue for the quarter ended January 2025, representing a year-over-year decline of 4.3%. EPS of $2.09 for the same period compares to $2.06 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.77 billion, representing a surprise of +0.57%. The company delivered an EPS surprise of +2.45%, with the consensus EPS estimate being $2.04.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Core Insights - Bath & Body Works (BBWI) reported quarterly earnings of $2.09 per share, exceeding the Zacks Consensus Estimate of $2.04 per share, and showing a slight decrease from $2.06 per share a year ago [1] - The company achieved revenues of $2.79 billion for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 0.57%, but down from $2.91 billion year-over-year [3] - The stock has gained approximately 6% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [4] Earnings Performance - The earnings surprise for the recent quarter was 2.45%, following a previous surprise of 6.52% when earnings were $0.49 per share against an expectation of $0.46 [2] - Over the last four quarters, Bath & Body Works has consistently surpassed consensus EPS estimates [2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.44 on revenues of $1.42 billion, and for the current fiscal year, it is $3.66 on revenues of $7.5 billion [8] - The estimate revisions trend for Bath & Body Works is favorable, leading to a Zacks Rank 2 (Buy), indicating expected outperformance in the near future [7] Industry Context - Bath & Body Works operates within the Zacks Retail - Miscellaneous industry, which is currently ranked in the top 12% of over 250 Zacks industries [9] - The performance of Bath & Body Works may be influenced by the overall industry outlook, as top-ranked industries tend to outperform lower-ranked ones significantly [9]

Financial Performance - Fourth quarter 2024 net sales were $2,788 million, a decrease of 4.3% from $2,912 million in the fourth quarter of 2023[3] - Fourth quarter 2024 earnings per diluted share were $2.09, down from $2.55 in the same quarter last year[4] - Full-year 2024 net sales decreased 1.6% to $7,307 million compared to $7,429 million in 2023[6] - Full-year 2024 earnings per diluted share were $3.61, compared to $3.84 in 2023[7] - Net income for the full year 2024 was $798 million, down from $878 million in 2023, representing a decrease of 9.1%[25] - The company reported a net cash provided by operating activities of $886 million for 2024, down from $954 million in 2023, a decline of 7.1%[25] Future Projections - The company expects 2025 net sales growth of 1% to 3% compared to $7,307 million in 2024[12] - Full-year 2025 earnings per diluted share is projected to be between $3.25 and $3.60[12] - First quarter 2025 net sales are expected to grow between 1% to 3% compared to $1,384 million in the first quarter of 2024[13] - The company anticipates generating free cash flow of $750 to $850 million in fiscal 2025[12] - Forecasted free cash flow for 2025 is estimated to be between $750 million and $850 million[29] Share Repurchase and Equity - The company repurchased 10.4 million shares for $400 million in fiscal 2024[7] - A new $500 million share repurchase program has been authorized by the Board of Directors[8] - The company repurchased $401 million of common stock in 2024, compared to $148 million in 2023, an increase of 170.3%[25] - Total equity (deficit) improved from $(1,626) million in 2024 to $(1,383) million in 2025, a positive change of approximately 15%[23] Operational Metrics - Total assets decreased from $5,463 million in 2024 to $4,872 million in 2025, a decline of approximately 10.8%[23] - The total number of company-operated stores increased from 1,850 in 2024 to 1,895 in 2025, reflecting a net increase of 45 stores[39] - The debt leverage ratio improved from 2.8 in 2023 to 2.5 in 2024, indicating a stronger capital structure[27] - Direct sales in the U.S. and Canada decreased by 9.4% in the fourth quarter of 2024, totaling $595 million compared to $656 million in the same quarter of 2023[37]