NYSE$BBWI
Bath & Body Works Inc · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
Bath & Body Works reported higher sales and EPS, beating the high end of guidance in Q1 2025.
The company delivered strong Q1 results driven by product innovation and efficient supply chain execution, with both revenue and earnings per share exceeding expectations.
- Revenue reached $1.424 billion, a 2.9% increase from Q1 2024.
- EPS grew to $0.49, surpassing the high end of guidance.
- Net income rose to $105 million, up from $87 million the prior year.
- Daniel Heaf was appointed as the new CEO effective May 16, 2025.
Headline financials
Revenue & EPS history
Bath & Body Works · Revenue · Quarterly
$1.42B
Revenue by segment
Bath & Body Works · $1.38B total across 3 segments · Q1 2026
- Stores - U.S. and Canada$1.06B—77.1%
- Direct - U.S. and Canada$246M—17.9%
- International and Other$70M—5.1%
Forward guidance
Bath & Body Works maintained its FY25 guidance, anticipating modest revenue growth and solid earnings despite tariff and transition-related headwinds.
Tailwinds
- Maintained full-year revenue growth guidance of 1% to 3%.
- Full-year EPS guidance between $3.25 and $3.60.
- Free cash flow expected between $750 million and $850 million.
- Benefit from $300 million in share repurchases baked into FY outlook.
- Supply chain flexibility helping mitigate trade disruptions.
Headwinds
- CEO transition may reduce EPS by approximately $0.05.
- Q2 revenue guidance only flat to 2% growth.
- Q2 EPS expected to decline versus last year.
- Ongoing tariff costs are embedded in full-year expectations.
- Inventory and store traffic challenges remain potential risks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
-1.2%
Avg return
Earnings day
-1.1%
Avg return
5 days after
-3.0%
Avg return
30 days after
40%
26 / 65 earnings
Positive
+14.7%
Q3 2024
Best reaction
-24.6%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | +2.5% | -3.6% | -17.2% | |
| Q3 2025 | -24.6% | -19.7% | -5.9% | |
| Q2 2025 | -7.0% | -6.3% | -15.5% | |
| Q1 2025 | -6.2% | -10.9% | -1.4% | |
| Q4 2024 | -12.7% | -16.6% | -24.7% | |
| Q3 2024 | +14.7% | +18.0% | +27.3% | |
| Q3 2023 | +0.3% | +9.7% | +25.7% | |
| Q2 2024 | -10.7% | -11.4% | -6.7% | |
| Q1 2024 | -8.9% | -11.5% | -27.2% | |
| Q1 2023 | -5.5% | -0.9% | +9.3% | |
| Q4 2023 | -0.3% | -2.0% | +4.7% | |
| Q3 2022 | +1.8% | +11.7% | +11.8% | |
| Q2 2023 | -1.0% | +2.6% | -5.2% | |
| Q4 2022 | -1.2% | -0.9% | +2.7% | |
| Q2 2022 | -2.9% | -0.0% | -15.1% | |
| Q1 2022 | -3.7% | -4.8% | -29.5% | |
| Q4 2021 | +1.2% | +0.2% | +7.1% | |
| Q3 2021 | -0.5% | +2.5% | -6.3% | |
| Q2 2021 | -1.0% | -1.9% | -3.4% | |
| Q1 2021 | -3.6% | -3.5% | +8.6% | |
| Q4 2020 | -0.2% | -4.8% | +11.1% | |
| Q3 2020 | +4.9% | +8.4% | -3.0% | |
| Q2 2020 | -3.6% | -7.5% | +6.0% | |
| Q1 2020 | +6.3% | +14.9% | -10.1% | |
| Q4 2019 | -8.3% | -4.5% | -60.2% | |
| Q3 2019 | -3.8% | -4.3% | +4.4% | |
| Q2 2019 | +6.3% | +10.9% | +9.8% | |
| Q1 2019 | +4.0% | -0.4% | +19.8% | |
| Q4 2018 | -1.9% | +2.0% | -7.9% | |
| Q3 2018 | -2.8% | -7.4% | -23.0% | |
| Q2 2018 | +4.4% | +5.8% | +7.2% | |
| Q1 2018 | -0.3% | -1.5% | -1.1% | |
| Q4 2017 | -1.3% | -1.8% | -10.4% | |
| Q3 2017 | +1.9% | -1.5% | +7.4% | |
| Q2 2017 | +1.3% | +3.3% | +14.9% | |
| Q1 2017 | -1.8% | -3.1% | +2.0% | |
| Q4 2016 | +1.0% | -4.2% | -5.0% | |
| Q3 2016 | -0.4% | +3.3% | -8.9% | |
| Q2 2016 | -2.0% | -1.2% | -5.4% | |
| Q1 2016 | -1.3% | -2.2% | -5.3% | |
| Q4 2015 | +0.0% | — | — | |
| Q3 2015 | +2.5% | — | — | |
| Q2 2015 | +3.8% | — | — | |
| Q1 2015 | -3.5% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | -0.5% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | +1.2% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | +1.5% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2012 | +4.0% | — | — | |
| Q3 2012 | -0.1% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q1 2012 | -4.7% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q2 2011 | -3.2% | — | — | |
| Q1 2011 | -4.4% | — | — | |
| Q4 2010 | +2.8% | — | — | |
| Q3 2010 | -8.8% | — | — | |
| Q2 2010 | -4.1% | — | — | |
| Q1 2010 | -4.8% | — | — | |
| Q4 2009 | +1.8% | — | — |
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