Bath & Body Works(US:BBWI) Globenewswire·2025-08-28 10:55Core Insights - Bath & Body Works, Inc. reported solid second quarter results with revenue and adjusted earnings per share at the high end of guidance, prompting an increase in the low end of full-year adjusted earnings per share guidance [1][8] Second Quarter 2025 Results - The company achieved net sales of $1,549 million, reflecting a 1.5% increase from $1,526 million in the same quarter of the previous year [2][25] - Earnings per diluted share were reported at $0.30, down from $0.68 last year, while adjusted earnings per diluted share remained stable at $0.37 [3][5] - Operating income for the quarter was $157 million, compared to $183 million last year, and net income was $64 million, down from $152 million [3][4] Adjusted Financial Performance - Excluding certain items, adjusted operating income was $172 million, compared to $183 million last year, and adjusted net income was $78 million, down from $83 million [5][29] - The second quarter results included pre-tax costs of $15 million related to leadership transition, while the previous year included a $39 million pre-tax gain from Easton investments [4][38] 2025 Guidance - The company narrowed its full-year 2025 net sales growth guidance to 1.5% to 2.7%, compared to $7,307 million in fiscal 2024 [6] - Full-year earnings per diluted share is now expected to be between $3.28 and $3.53, with adjusted earnings per diluted share guidance raised from $3.25 to $3.60 to a new range of $3.35 to $3.60 [6][39] - The company anticipates deploying $400 million towards share repurchases, an increase from the previous expectation of $300 million, and expects to generate free cash flow of $750 million to $850 million for the full year [6][41] Third Quarter 2025 Outlook - For the third quarter, net sales are expected to increase by 1% to 3%, with earnings per diluted share projected between $0.37 and $0.45 [7][8]