Bath & Body Works (BBWI) Q1 2025 Earnings
How Did BBWI Stock React to Q1 2025 Earnings?
S&P 500 over the same 30 days: −0.10%.
Did BBWI Beat Earnings? Q1 2025 Results
Yes. Bath & Body Works reported Q1 2025 earnings of $0.49 a share on May 19, 2025, beating the $0.47 consensus estimate by 4.0%. Revenue was $1.4B against a $1.4B estimate.
Bath & Body Works opened fiscal 2025 on solid footing, posting first-quarter results that beat Wall Street's earnings expectations even as revenue landed essentially in line with forecasts. GAAP diluted EPS of $0.49 cleared the $0.47 consensus by 3.99%, a meaningful step up from the $0.38 earned a year ago, while net sales rose 2.9% year over year to $1.42 billion, finishing at the high end of the company's own guidance range. The top-line strength was anchored by a 4.3% increase in U.S. and Canada store sales, which offset a softer e-commerce channel, and the quarter also benefited from a sharply lower interest expense as the company continued to reduce its long-term debt load. The results arrived alongside a notable leadership development: the board appointed former Nike executive Daniel Heaf as CEO, succeeding an interim period led by CFO Eva Boratto. Looking ahead, Bath & Body Works held its full-year 2025 guidance steady, projecting net sales growth of 1% to 3% and EPS of $3.25 to $3.60, with approximately $300 million in share repurchases planned.
- Compelling fragrance innovation driving positive customer response
- Strong U.S. and Canada store performance with 4.3% growth
- International franchise growth of 10.1%
- Predominantly U.S.-based supply chain helping navigate trade environment
- Lower interest expense due to debt reduction
“I'm honored to join this iconic brand with a deep sense of purpose and a powerful foundation. I have already had the privilege of meeting many associates across the company, and I'm incredibly impressed by the passion, dedication, and talent across our teams. I believe we're incredibly well positioned to define and lead the home fragrance and beauty categories globally and accelerate growth.”
Bath & Body Works CEO, on the earnings call
What Was Bath & Body Works's Outlook in Q1 2025?
Bath & Body Works maintained full-year 2025 guidance of 1% to 3% net sales growth (compared to $7,307 million in fiscal 2024) and full-year EPS of $3.25 to $3.60, inclusive of current tariff rates. The outlook includes approximately $300 million in share repurchases and free cash flow of $750 million to $850 million. For Q2 2025, the company expects net sales flat to up 2% compared to $1,526 million in Q2 2024, and EPS of $0.33 to $0.38. Forward guidance excludes the anticipated financial impact of the CEO transition, estimated to negatively impact EPS by approximately $0.05.
BBWI YoY Financials
| Metric | Q1 2025 | Q1 2024 | Year over year |
|---|---|---|---|
| Revenue | $1.4B | $1.4B | +2.9% |
| Gross Profit | $646.0M | $606.0M | +6.6% |
| Operating Income | $209.0M | $187.0M | +11.8% |
| Net Income | $105.0M | $87.0M | +20.7% |
BBWI Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.