Bath & Body Works(US:BBWI)2025-05-29 11:03Q1 2025 Financial Highlights - Net sales reached $1.4 billion, a 2.9% increase year-over-year, hitting the high end of guidance[17, 67, 69] - Gross profit rate improved by 160 basis points to 45.4%[17, 67, 69] - Operating income increased by 11.7% year-over-year to $209 million[17, 67] - Diluted earnings per share (EPS) grew by 28.9% year-over-year to $0.49, exceeding the high end of guidance[17, 67] Channel Performance - Store sales in the U S & Canada increased by 4.3% to $1.1 billion, benefiting from Buy Online, Pickup In Store (BOPIS) which contributed approximately 2 percentage points[62, 65] - Direct sales in the U S & Canada decreased by 4.3% to $250 million, negatively impacted by BOPIS by approximately 7 percentage points, with BOPIS representing about 30% of total direct demand[63, 65] - International sales increased by 10.1% to $64 million[64, 65] FY 2025 Guidance - The company maintains net sales growth guidance of 1% to 3% and earnings per diluted share guidance of $3.25 to $3.60[72, 74] - The company expects to repurchase approximately $300 million of shares in FY 2025[74] Q2 2025 Guidance - The company expects net sales to be flat to up 2%[75, 76] - The company expects earnings per diluted share to be $0.33 to $0.38[75]