Bath & Body Works, Inc. operates as a specialty retailer of personal care and home fragrance products. The company offers body and ...
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$0.80 per share
Est. EPS $0.12 · Revenue $1.55B · 12 analysts
Est. EPS $2.68 · Revenue $7.10B · 11 analysts
Est. EPS $1.74 · Revenue $2.66B · 12 analysts
$0.80 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $7.3B | -0.2% | +9.9% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $649.0M | -18.7% | -35.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +43.7% | -1.2% | +7.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +15.4% | -10.9% | -14.9% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +8.9% | -18.5% | -41.3% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $865.0M | +31.1% | -88.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +11.9% | +31.3% | -89.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | -387.3% | -8.2% | -8.2% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.27x | -14.3% | -12.9% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $5.1B | +4.0% | +3.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 3.07 vs 2.98 | +3.0% | 0.58 vs 0.12 | +367.7% |
| Revenue Surprise | $7.3B vs $7.2B | +1.3% | $1.5B vs $1.5B | -2.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Aber Ann | officer: Chief Legal Officer &Corp Secy | Common Stock, $0.50 par value | A | 12,940 | — |
| Jul 20, 2026 | Aber Ann | officer | — | — | 0 | — |
| Jun 12, 2026 | Javitch Tom | officer: Interim CFO | Common Stock, $0.50 par value | A | 10,309 | — |
| Jun 12, 2026 | Meeting David Andrew | officer: SVP, Controller & PAO | Common Stock, $0.50 par value | — | 0 | — |
| Jun 12, 2026 | Javitch Tom | officer: Interim CFO | Common Stock, $0.50 par value | — | 0 | — |
Good morning. My name is Melissa, and I will be your conference operator today. I'd like to welcome everyone to the Bath & Body Works Second Quarter 2025 Earnings Conference Call. Please be advised that today's conference is being recorded. I'll now turn the call over to Luke Long, Vice President of Investor Relations. Luke, you may begin.
Good morning, and welcome to Bath & Body Works Second Quarter 2025 Earnings Conference Call. Joining me on the call today are Daniel Heaf, Chief Executive Officer; and Eva Boratto, Chief Financial Officer. In addition to this call in this morning's press release, we have posted a slide presentation on our website that summarizes the information in these prepared remarks in addition to providing some related facts and figures regarding our operating performance and guidance. As a reminder, some of the comments today may include forward-looking statements related to future events and expectations. For factors that could cause the actual results to differ materially from these forward-looking statements, please refer to the risk factors in Bath & Body Works 2024 Form 10-K. Today's call also contains certain non-GAAP financial measures. Please refer to this morning's press release and supplemental materials for important disclosures regarding such measures, including reconciliations to the most comparable GAAP financial measure. With that, I'll turn the call over to Daniel.
Hello, everyone, and thank you for joining us. I'm excited to be here on my 105th day as CEO of Bath & Body Works. Q2 was a packed quarter where I focused on three things: firstly, deeply immersing myself in the business; secondly, driving forward; thirdly, no regret moves; and finally, shaping our long-term vision. At the same time, our team navigated the quarter with focus, and we delivered solid results. We ended the quarter with revenue and adjusted earnings at the high end of our guidance range, and given our strong first half results and confidence in our outlook, we are raising the low end of our full-year adjusted earnings-per-share guidance. This quarter, our customers remain cautious and value-seeking, and we continue to see more intentional purchasing behavior. Consumers are prioritizing purchases that support personal well-being and convenience while spending selectively. Regardless of the macro environment, we are well positioned to serve consumers with affordable, high-quality products that bring joy to their life, and I believe there is even more opportunity ahead. Over the past 105 days, I focused on understanding where our biggest opportunities lie to accelerate growth. I've had the privilege of connecting with associates at Beauty Park, our distribution centers, and our stores across the United States. I've spoken with many of our shareholders. I've traveled internationally where I've engaged with our partners in key markets such as Dubai, Malaysia, and the U.K. And of course, I've spoken with our customers. It was important for …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Samantha L. Charleston | Chief Human Resources Officer | USD 1,922,606 | Female | 1971 | Active |
Daniel Heaf | Chief Executive Officer & Director | USD 1,544,131 | Male | 1978 | Active |
Ann Aber | Chief Legal Officer & Corporate Secretary | USD 1,480,503 | Female | 1978 | Active |
Thomas E. Mazurek | Chief Supply Chain & Logistics Officer | USD 975,012 | Male | 1967 | Active |
Tom Javitch | Interim Chief Financial Officer | — | Male | 1970 | Active |
David Andrew Meeting | Senior VP, Controller & Principal Accounting Officer | — | Male | 1974 | Active |
Maurice Cooper | Chief Customer Office | — | Male | 1980 | Active |
Brian K. Leinbach | Executive Vice President & Chief Information Officer | — | Male | — | Active |
Luke R. Long | VP of Strategic Development & Investor Relations | — | Male | — | Active |
Thilina Gunasinghe | Chief Digital & Technology Officer | — | Male | — | Active |
Jeff King | Vice President of ESG | — | Male | — | Active |
Bath & Body Works (BBWI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Bath & Body Works is mischaracterized as a dying retailer; I see a compelling long-term buy at under $20 per share. BBWI boasts 40%+ gross margins, robust free cash flow, and a growing off-mall and global store footprint, defying value trap narratives. Strategic partnerships with Ulta Beauty and Hilary Duff, plus asset-light international expansion, position BBWI for revenue stabilization and renewed growth.
Expansion advances the brand's Consumer First Formula, reaching new consumers in one of the world's largest beauty markets Expansion advances the brand's Consumer First Formula, reaching new consumers in one of the world's largest beauty markets
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FIVE sees higher spending per customer visit, boosting sales growth as value-focused merchandising and new stores openings drive momentum.
