Bath & Body Works(US:BBWI) Globenewswireยท2025-11-20 11:55Core Insights - Bath & Body Works, Inc. announced a comprehensive transformation plan called the Consumer First Formula aimed at revitalizing the brand and driving sustainable long-term growth [2][3] - The company reported third-quarter 2025 results with net sales of $1.594 billion, a decrease of 1% compared to the same quarter in 2024, and earnings per diluted share of $0.37, down from $0.49 [9][10] Strategic Transformation Plan - The Consumer First Formula focuses on four key priorities: creating disruptive and innovative products, reigniting the brand, winning in the marketplace, and operating with speed and efficiency [3] - The plan aims to attract younger consumers and unlock new growth opportunities [2] Financial Performance - Third-quarter net sales were $1,594 million, down from $1,610 million in the same quarter last year, representing a 1% decline [10][28] - Earnings per diluted share for the third quarter were $0.37, compared to $0.49 in the previous year [10][32] - Operating income decreased to $161 million from $218 million year-over-year [10][22] Guidance and Outlook - The company lowered its fourth-quarter 2025 net sales guidance to a decline in high single digits compared to $2,788 million in Q4 2024 [12] - Full-year 2025 net sales guidance was revised from a growth of 1.5% to 2.7% to a decline in low single digits compared to $7,307 million in fiscal 2024 [13] - The expected earnings per diluted share for full-year 2025 is now at least $2.83, down from $3.61 in fiscal 2024 [13] Cost Savings Initiatives - The company plans to deliver $250 million in cost savings over two years, with over half identified for 2026, to fund revenue-generating initiatives [7][9]