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Bath & Body Works Reports 2025 First Quarter Results and Maintains Fiscal Year 2025 Guidance
Globenewswire· 2025-05-29 10:55
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 to Report First Quarter Results on May 29, 2025
Globenewswire· 2025-05-15 12:30
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 ...