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Bath & Body Works Inc
F:LTD0

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Bath & Body Works Inc Logo
Bath & Body Works Inc
F:LTD0
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Price: 15.87 EUR 3.19% Market Closed
Market Cap: €3.5B

Bath & Body Works Inc
Investor Relations

Bath & Body Works sells scented personal care and home fragrance products that people use every day, such as body lotions, shower gels, hand soaps, candles, wall plug-in refills, and air fresheners. The company designs these products under its own brands and sells them through its own stores and website, which lets it control how the products are presented and priced. Its main customers are everyday consumers buying gifts or replenishing household and personal-use items. The company makes money by selling physical products directly to shoppers, with a large part of the business coming from repeat purchases of fragrances and consumables that need to be replaced regularly. That makes the business more like a branded specialty retailer than a pure wholesaler or manufacturer. What sets Bath & Body Works apart is its focus on fragrance and scent-led products rather than general beauty or broad home goods. It has built a simple, recognizable product line around a few categories and sells them in a way that encourages frequent repeat visits, seasonal launches, and gift buying.

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Last Earnings Call
Fiscal Period
Q2 2027
Call Date
Aug 26, 2026
AI Summary
Q2 2027

Q2 beat: Net sales declined 2.3%, ahead of the company’s guidance of down 5% to down 3%; adjusted earnings per diluted share were $0.62, including approximately $80 million of tariff refunds, or $0.31 excluding the refund.

Outlook: Full-year sales guidance was narrowed to down 4% to down 2.5%, while adjusted earnings per diluted share guidance was raised to $2.60 to $2.80.

Early traction: Management cited sequential improvement in body care, a return to digital growth, strong Fusion product performance, and rapid growth in expanded distribution through Amazon and Ulta.

Key headwinds: Store traffic remains pressured, body care is still below its potential, and the company expects approximately $30 million of forward tariff and input-cost pressure in the second half.

Investment plan: The company is adding approximately $35 million of investment in the Consumer First formula, primarily marketing, with about 70% directed to Q3 ahead of the holiday season.

Longer term: Management views 2026 as an investment year and is targeting revenue growth in 2027, but said current improvements are not yet broad or consistent enough to include in formal guidance.

Key Financials
Net sales
$1.5 billion
Adjusted earnings per diluted share
$0.62
Adjusted earnings per diluted share excluding tariff refund
$0.31
Gross profit rate
45.7%
Gross profit rate excluding tariff refund
40.4%
Adjusted SG&A dollars
$467 million
Adjusted SG&A rate
30.8%
Adjusted operating income
$225 million
Adjusted operating income rate
14.8% of net sales
Inventory
Down 10% versus last year
U.S. and Canadian store net sales
$1.1 billion
Direct channel net sales
$275 million
International and other net sales
$108 million
International retail sales
Up 9% versus last year
Tariff refunds
Approximately $80 million
Forward tariff and input-cost pressure
Approximately $30 million
Consumer First investment
Approximately $35 million
Fuel for Growth savings
Approximately $200 million
Capital expenditures
$98 million year to date
Free cash flow
Approximately $650 million
Dividends
$40 million
North American company-owned stores
1,937
International locations
596
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
www.bbwinc.com