Bath & Body Works(BBWI) - 2026 Q1 - Quarterly Results

Financial Results and Projections - Bath & Body Works, Inc. announced anticipated financial results for Q1 2025, with a focus on revenue growth and user engagement metrics[6]. - The financial results and strategic direction will be further detailed in the upcoming earnings call[6]. Leadership Changes - The company appointed Daniel Heaf as the new Chief Executive Officer effective May 16, 2025, succeeding Gina Boswell[8]. - Ms. Boswell's termination will trigger severance payments as per her executive severance agreement, which was previously disclosed[15]. - The press release detailing these changes was issued on May 19, 2025, highlighting the leadership transition[16]. Compensation and Incentives - Mr. Heaf's annual base salary is set at $1,350,000, with a target annual incentive opportunity of 190$8,000,000 starting in the 2026 fiscal year[10]. - A one-time award of restricted stock units valued at $2,500,000 will be granted to Mr. Heaf, with vesting occurring over three years[10]. Strategic Focus - The company is expected to continue its focus on market expansion and new product development under the new leadership[16]. - The company is committed to maintaining its competitive edge through strategic leadership and operational improvements[16].