Bath & Body Works(US:BBWI)2025-08-28 12:30Financial Performance - Net sales reached $1.5 billion, a 1.5% increase year-over-year, hitting the high end of guidance[28, 57, 60] - Gross profit rate improved by 30 basis points to 41.3%[28, 57] - Adjusted operating income was $172 million, a 6% decrease year-over-year[28] - Adjusted earnings per diluted share were $0.37, flat compared to the previous year[28] Channel Performance - Store sales in the U S and Canada accounted for 77% of net sales, totaling $1.2 billion, a 5% increase year-over-year[53, 55] - Direct sales in the U S and Canada represented 17% of net sales, amounting to $267 million, a 10% decrease year-over-year[53, 55] - International sales contributed 6% of net sales, totaling $86 million, a 3% decrease year-over-year, while international system-wide retail sales increased by 9%[54, 55] Loyalty Program - Over 80% of U S sales in Q2 2025 were driven by loyalty members, a 2 percentage point increase year-over-year[50] - The company has approximately 39 million active loyalty members, a 5% increase year-over-year[50] Full Year 2025 Guidance - Net sales are projected to increase by 1.5% to 2.7%[63, 66] - Adjusted earnings per diluted share are expected to be between $3.35 and $3.60[29, 63, 66] - The company plans to increase share repurchases to $400 million, up from the previous guidance of $300 million[66, 69]