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Inferra AI / Company / BBWI

Bath & Body Works, Inc.

BBWI · Consumer Discretionary

Last earnings Aug 26, 2026

Key results

Operating incomequarter

$157 million

Second quarter operating income was $157 million compared to $183 million last year, and net income was $64 million compared to $152 million last year.

SEC original ↗Bath & Body Works, Inc. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

AI analysis

Q2 2025 · reported Aug 28, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Operating income · Q2 2025
$157M
-14.2% -$26M vs year ago computed from stated figures
EX-99 · Aug 28, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Operating income$157 million—$183 million

EX-99 · Aug 28, 2025

Guidance · company-stated

Direction: Raised

Company outlook

“The company is raising the low end of its full-year 2025 adjusted earnings per diluted share guidance from $3.25 to $3.60 to $3.35 to $3.60, compared to adjusted earnings per diluted share of $3.29 in fiscal 2024.”

Company outlook

“The company s full-year guidance also includes the anticipated impact of $400 million of cash deployed towards share repurchases, which is an increase from the prior expectation of $300 million.”

EPS — Raised

“Based on our strong first-half results and our confidence in our outlook, we are raising the low end of our full-year adjusted earnings per share guidance range.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Capex$ 37M

The company s full-year guidance also includes the anticipated impact of $400 million of cash deployed towards share repurchases, which is an increase from the prior expectation of $300 million.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Daniel Heaf, chief executive officer of Bath Body Works, commented, Our team delivered a solid quarter, with revenue and adjusted earnings per share at the high end of our guidance range

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Company outlook: “The company is raising the low end of its full-year 2025 adjusted earnings per diluted share guidance from $3.25 to $3.60 to $3.35 to $3.60, compared to adjusted earnings per diluted share of $3.29 in fiscal 2024.”

Company outlook: “The company s full-year guidance also includes the anticipated impact of $400 million of cash deployed towards share repurchases, which is an increase from the prior expectation of $300 million.”

EPS — Raised (“raising”)
“Based on our strong first-half results and our confidence in our outlook, we are raising the low end of our full-year adjusted earnings per share guidance range.”

Company outlook — Raised (“raising”)
“The company is raising the low end of its full-year 2025 adjusted earnings per diluted share guidance from $3.25 to $3.60 to $3.35 to $3.60, compared to adjusted earnings per diluted share of $3.29 in fiscal 2024.”

Company outlook — Raised (“increase”)
“The company s full-year guidance also includes the anticipated impact of $400 million of cash deployed towards share repurchases, which is an increase from the prior expectation of $300 million.”

Classified from the release's primary full-year outlook statement.

Capital allocation

The company s full-year guidance also includes the anticipated impact of $400 million of cash deployed towards share repurchases, which is an increase from the prior expectation of $300 million.

SEC original ↗Bath & Body Works, Inc. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

Forecasted Free Cash Flow Our Forecasted Free Cash Flow is defined as Forecasted Net Cash Provided by Operating Activities less our Forecasted Capital Expenditures.

SEC original ↗Bath & Body Works, Inc. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

Common Stock Repurchases and Retirements The Company did not repurchase any shares of its common stock during year-to-date 2026.

SEC original ↗Bath & Body Works, Inc. — 10-Q Quarterly report10-QAug 26, 2026

Shares repurchased under these programs are retired and cancelled upon repurchase.

SEC original ↗Bath & Body Works, Inc. — 10-Q Quarterly report10-QAug 26, 2026

As a result, the Company retired the 8.468 million shares repurchased during year-to-date 2025.

SEC original ↗Bath & Body Works, Inc. — 10-Q Quarterly report10-QAug 26, 2026

Capital Expenditures of $ 37 million, $ 34 million and $ 51 million remained unpaid as of August 1, 2026, January 31, 2026 and August 2, 2025, respectively.

SEC original ↗Bath & Body Works, Inc. — 10-Q Quarterly report10-QAug 26, 2026

Strategy & priorities

The Company s CODM assesses Adjusted Operating Income performance in comparison to forecasts and historical results to make decisions on the reinvestment of profits into the business and capital allocation strategies.

SEC original ↗Bath & Body Works, Inc. — 10-Q Quarterly report10-QAug 26, 2026

We remain focused on disciplined execution and investing in the capabilities necessary to support sustainable, durable growth over the long term.

SEC original ↗Bath & Body Works, Inc. — 10-Q Quarterly report10-QAug 26, 2026

The increase in Marketing Expenses was driven by incremental spend and strategic investments to support the Consumer First Formula in 2026.

SEC original ↗Bath & Body Works, Inc. — 10-Q Quarterly report10-QAug 26, 2026

Risks & headwinds

The company s full-year guidance includes the anticipated impact of all tariff rates currently in effect and levied by the U.

SEC original ↗Bath & Body Works, Inc. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

Our third quarter 2025 outlook also includes the anticipated impact of all tariff rates as referenced above.

SEC original ↗Bath & Body Works, Inc. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

There are risks, uncertainties and other factors that in some cases have affected and, in the future, could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this report or otherwise made by the Company or our management.

SEC original ↗Bath & Body Works, Inc. — Earnings release (8-K exhibit)EX-99Aug 28, 2025

Legal Proceedings 28 Item 1A.

SEC original ↗Bath & Body Works, Inc. — 10-Q Quarterly report10-QAug 26, 2026

Interchange Fee Settlements In the first quarter of 2026, the Company entered into settlement agreements to resolve payment card interchange fee litigation.

SEC original ↗Bath & Body Works, Inc. — 10-Q Quarterly report10-QAug 26, 2026

IEEPA Tariff Refunds In February 2026, the U.

SEC original ↗Bath & Body Works, Inc. — 10-Q Quarterly report10-QAug 26, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Amazon (AMZN) Consumer DiscretionaryTesla, Inc. (TSLA) Consumer DiscretionaryAlibaba Group (BABA) Consumer DiscretionaryeBay Inc. (EBAY) Consumer DiscretionaryToyota Motor (TM) Consumer DiscretionaryO'Reilly Automotive (ORLY) Consumer DiscretionaryLi Auto Inc. (LI) Consumer DiscretionaryV F Corp (VFC) Consumer Discretionary
Documents

Filings

30 documents

Earnings releases

9 documents

Presentations

0 documents

No presentations for Bath & Body Works, Inc. are held in this edition of the library.

Transcripts

0 documents

No transcripts for Bath & Body Works, Inc. are held in this edition of the library.

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