Bath & Body Works(BBWI)2025-02-27 12:10Financial Performance - Fourth quarter 2024 net sales were 2,912 million in the fourth quarter of 2023[3] - Fourth quarter 2024 earnings per diluted share were 2.55 in the same quarter last year[4] - Full-year 2024 net sales decreased 1.6% to 7,429 million in 2023[6] - Full-year 2024 earnings per diluted share were 3.84 in 2023[7] - Net income for the full year 2024 was 878 million in 2023, representing a decrease of 9.1%[25] - The company reported a net cash provided by operating activities of 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 3.25 and 1,384 million in the first quarter of 2024[13] - The company anticipates generating free cash flow of 850 million in fiscal 2025[12] - Forecasted free cash flow for 2025 is estimated to be between 850 million[29] Share Repurchase and Equity - The company repurchased 10.4 million shares for 500 million share repurchase program has been authorized by the Board of Directors[8] - The company repurchased 148 million in 2023, an increase of 170.3%[25] - Total equity (deficit) improved from (1,383) million in 2025, a positive change of approximately 15%[23] Operational Metrics - Total assets decreased from 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 656 million in the same quarter of 2023[37]