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Investing.com -- Bath & Body Works, Inc. reported first-quarter earnings that exceeded analyst expectations, while revenue met the high end of the company’s guidance range. The stock fell around 1.3% following the announcement.
The home fragrance and personal care retailer posted adjusted earnings per share of $0.49 for the quarter ended May 3, 2025, surpassing the analyst estimate of $0.42. This represents a 29% increase from $0.38 in the same quarter last year. Revenue rose 2.9% YoY to $1.4 billion, meeting the high end of the company’s guidance but slightly below the consensus estimate of $1.42 billion.
Bath & Body Works (NYSE:BBWI) maintained its full-year 2025 guidance, projecting net sales growth of 1% to 3% compared to fiscal 2024, and earnings per diluted share of $3.25 to $3.60. This outlook includes the anticipated impact of current tariff rates and approximately $300 million in share repurchases.
"Our team delivered a strong start to the year driven by the positive customer response to our innovation in the quarter," said Eva Boratto, CFO of Bath & Body Works. "We’re effectively leveraging our predominantly U.S.-based supply chain to navigate the evolving trade environment."
For the second quarter of 2025, the company expects net sales to be flat to up 2% YoY, with earnings per diluted share projected between $0.33 and $0.38.
Last week, the company announced the appointment of Daniel Heaf as CEO, effective May 16, 2025. Heaf expressed optimism about the company’s position to "define and lead the home fragrance and beauty categories globally and accelerate growth."