Bath & Body Works Reports First Quarter Results Exceeding Guidance and Progress Against the Consumer First Formula
Bath & Body Works reported Q1 net sales of $1.38 billion, down 3% year-over-year, but GAAP EPS of $0.90 significantly exceeded the prior year’s $0.49 due to one-time litigation and tax benefits. Adjusted EPS of $0.32 missed the prior year’s $0.49, reflecting underlying operational headwinds despite the headline beat. The company reaffirmed its full-year 2026 guidance for sales declines of 2.5% to 4.5% and adjusted EPS of $2.40 to $2.65. CFO Eva Boratto is stepping down effective June 12, with Tom Javitch named interim CFO while a permanent search is conducted.
Key figures
- Eps
- 0.9
- Revenue
- 1378000000
- Guidance
- FY26 net sales down 4.5% to 2.5%; EPS $3.00-$3.25; Adjusted EPS $2.40-$2.65
- Revenue Yoy
- -3%
- Net income
- 183000000
- Adjusted eps
- 0.32
- Fcf guidance
- 600000000
- Q2 eps guidance
- $0.20-$0.25
- Operating income
- 231000000
- Adjusted net income
- 65000000
- Q2 revenue guidance
- down 5% to 3%
- Q2 adjusted eps guidance
- $0.37 (prior year)
- Adjusted operating income
- 151000000
AI analysis
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