May 29, 2025 Q1 2025 EARNINGS & 2025 GUIDANCE 1 Q1 EARNINGS CALL PARTICIPANTS DANIEL HEAF Chief Executive Officer FORWARD-LOOKING STATEMENTS Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this report or made by our Company or our management involve risks and uncertainties and are subject to change based on various factors, many of whi ...

Core Insights - Bath & Body Works, Inc. reported a strong start to 2025 with net sales of $1,424 million, reflecting a 2.9% increase compared to $1,384 million in the same quarter of 2024 [4][9] - The company appointed Daniel Heaf as CEO, effective May 16, 2025, aiming to leverage his leadership to accelerate growth [3][4] - The company maintains its full-year 2025 net sales guidance of 1% to 3% growth and earnings per diluted share guidance of $3.25 to $3.60 [6][9] Financial Performance - First quarter earnings per diluted share increased by 29% to $0.49, compared to $0.38 in the previous year [5][9] - Operating income for the first quarter was reported at $209 million, up from $187 million in the same quarter last year [5][9] - Net income rose to $105 million from $87 million year-over-year [5][9] Sales Breakdown - U.S. and Canada store sales reached $1,110 million, a 4.3% increase from $1,065 million in the prior year [26] - Direct sales in the U.S. and Canada decreased by 4.3% to $250 million from $261 million [26] - International sales grew by 10.1% to $64 million compared to $58 million in the previous year [26] Store Operations - As of May 3, 2025, the total number of company-operated stores increased to 1,900, with 1,787 in the U.S. and 113 in Canada [27] - The company opened 13 new stores and closed 8 in the U.S. and Canada during the period [27] - Internationally, the total partner-operated stores decreased to 524, with 489 in other international locations [29] Future Guidance - The company expects second quarter 2025 net sales to be flat to up 2% compared to $1,526 million in the second quarter of 2024 [7] - Earnings per diluted share for the second quarter is projected to be between $0.33 and $0.38, down from $0.68 in the same quarter last year [7] - The anticipated impact of current tariff rates is included in the full-year guidance [6][7]

Bath & Body Works, Inc. (BBWI) is expected to report a year-over-year increase in the top line when it releases first-quarter fiscal 2025 earnings on May 29, before the market opens. Investors are closely monitoring for insights into the company's performance and strategic direction.BBWI has effectively established a leading global retailer specializing in personal care and home fragrance products. The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $1.42 billion, which indicates an ...

Home of America's Favorite Fragrances®, Bath & Body Works is a global leader in personal care and home fragrance, including top-selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Powered by agility and innovation, the company's predominantly U.S.-based supply chain enables it to deliver quality, on-trend luxuries at affordable prices. Bath & Body Works serves and delights customers however and wherever they want to shop, fr ...