Bath & Body Works Matches Estimates But Stock Slides As Outlook Signals Softer Third Quarter

Bath & Body Works, Inc. (NYSE:BBWI) shares slipped after it reported second-quarter fiscal 2025 net sales of $1.55 billion, up 1.5% from $1.53 billion a year earlier and in line with the $1.55 billion consensus estimate.

Net income was $64 million, or $0.30 per diluted share, compared with $152 million, or $0.68 per share in 2024. Adjusted earnings were $0.37 per share, unchanged from the prior year and in line with analyst expectations.

Operating income was $157 million compared to $183 million a year ago. On an adjusted basis, operating income was $172 million compared to $183 million.

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Adjusted net income was $78 million compared with $83 million last year. Reported results included $15 million in pre-tax leadership transition costs, while the prior-year quarter included a $39 million investment gain and a $44 million tax benefit.

U.S. and Canada ...