Bath & Body Works Inc
NYSE:BBWI

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Bath & Body Works Inc
NYSE:BBWI
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Price: 18.83 USD -0.95% Market Closed
Market Cap: 3.9B USD

Bath & Body Works Inc
Investor Relations

Bath & Body Works Inc., a stalwart in the personal care and home fragrance industry, has built a formidable brand by capturing the essence of sensory indulgence and everyday luxury. Founded in 1990, the company carved out a niche in the mid-range market, weaving an appealing tapestry with its vibrant storefronts and a diverse product line that ranges from fragrant lotions and shower gels to candles and home scents. As part of its enticing consumer experience, Bath & Body Works elevates its offerings through seasonal assortments and limited-edition collections, creating a sense of urgency and excitement among its clientele. By meticulously curating its product portfolio and investing in in-store experiences, Bath & Body Works effectively distinguishes itself in a crowded marketplace, thereby kindling a strong brand loyalty among its patrons.

Revenue streams for Bath & Body Works are primarily driven by its robust retail presence, both online and in physical locations, which number in the thousands across the United States. The company's business model thrives on the seamless integration of direct-to-consumer sales and brick-and-mortar storefronts, fostering an omnichannel strategy that resonates with modern shopping behaviors. The brand capitalizes on festive shopping periods through promotional campaigns and enhances engagement through its loyalty programs. Over time, Bath & Body Works has continued to leverage data analytics to refine its marketing tactics and personalize consumer interactions, ensuring a tailored shopping experience that not only boosts sales but also deepens customer relationships. This strategic focus has been central to its financial success, underscoring the company’s resilience and adaptability in an ever-evolving retail landscape.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Nov 20, 2025
AI Summary
Q3 2026

Q3 Miss: Bath & Body Works reported Q3 net sales of $1.6 billion, down 1% year-on-year, and EPS of $0.35, both below expectations.

Lowered Guidance: Management cut full-year sales and earnings guidance, now expecting sales to decline low single digits and EPS of at least $2.87.

Tough Consumer Environment: Executives highlighted a challenging consumer backdrop, with holiday Q4 sales so far down high single digits and shoppers waiting for bigger discounts.

Strategic Reset: The company is shifting strategy to refocus on core categories, reduce reliance on promotions, exit underperforming adjacencies, and simplify its assortment.

Cost Savings Plan: A new $250 million cost savings initiative will fund investments in product innovation and brand building.

Amazon Launch: Bath & Body Works will begin selling on Amazon in the first half of 2026, aiming to reach new customers and curb gray market sales.

No Near-Term Growth: Management does not expect overall sales growth in 2026, with improvements anticipated only in the back half as new strategies take hold.

Loyalty Program Strength: The loyalty program has grown to 40 million members and remains a core asset, driving strong retention and spend.

Key Financials
Net Sales
$1.6 billion
Earnings Per Share
$0.35
Gross Profit Rate
41.3%
SG&A as % of Net Sales
31.2%
Operating Income
$161 million
Direct Net Sales
$299 million
International Net Sales
$73 million
International System-Wide Retail Sales Growth
16%
Free Cash Flow
$650 million (full year expectation)
Capital Expenditures
$81 million (Q3); $174 million year-to-date
Shares Repurchased
3 million shares for $87 million in Q3; 11.5 million shares for $343 million year-to-date
Dividends Returned to Shareholders
$41 million in Q3; $126 million year-to-date
Number of Stores
2,400+ globally; 544 internationally at quarter end
Loyalty Members
40 million
Earnings Call Recording
Other Earnings Calls

Management

Ms. Gina R. Boswell
CEO & Director
No Bio Available
Ms. Eva C. Boratto
Chief Financial Officer
No Bio Available
Mr. Michael C. Wu
Chief Legal Officer & Corporate Secretary
No Bio Available
Dr. Deon N. Riley
Chief Human Resources Officer
No Bio Available
Mr. Thilina Gunasinghe
Chief Digital & Technology Officer
No Bio Available
Mr. Brian K. Leinbach
Executive VP & CIO
No Bio Available
Mr. Tom Mazurek
Chief Supply Chain Officer
No Bio Available
Ms. Kelie Charles
VP & Chief Diversity Officer
No Bio Available
Bruce Mosier
Executive Vice President of Logistics
No Bio Available
Mr. Maurice Cooper
Chief Customer Office
No Bio Available

Contacts

Address
OHIO
Columbus
Three Limited Pkwy, P O Box 16000
Contacts
+16144157000.0
www.bbwinc.com