Bath & Body Works (BBWI) Company Report

Faruqi & Faruqi, LLP is investigating Bath & Body Works for alleged federal securities law violations, encouraging investors who purchased securities between June 4, 2024, and November 19, 2025, to discuss their legal rights.
Investors have until March 16, 2026, to seek the role of lead plaintiff in the federal securities class action.
The complaint alleges the company's strategy of "adjacencies, collaborations and promotions" failed to grow its customer base and obscured weak underlying financial results, leading to misleading statements.
On November 20, 2025, Bath & Body Works announced disappointing third quarter 2025 financial results, including a 1% year-over-year decline in revenue and a 26% drop in net income to $77 million, and sharply reduced its full-year earnings guidance.
Following these disclosures, Bath & Body Works' stock price fell $5.22, or 24.8%, to close at $15.82 per share on November 20, 2025.

2 days ago

Press Release

Bath & Body Works Faces Securities Class Action Investigation

BBWI

Legal Proceedings

Profit Warning

Guidance Update

Faruqi & Faruqi, LLP is investigating Bath & Body Works for a federal securities class action, with a March 16, 2026, deadline for lead plaintiff applications, concerning securities purchased between June 4, 2024, and November 19, 2025.
The complaint alleges the company's "adjacencies, collaborations and promotions" strategy failed to grow its customer base and net sales, leading to misleading statements and reliance on collaborations to obscure weak financial results.
On November 20, 2025, Bath & Body Works reported disappointing Q3 2025 financial results, including a 1% year-over-year revenue decline and a 26% drop in net income to $77 million, missing prior guidance.
Concurrently, the company reduced its full-year earnings per diluted share outlook from $3.28-$3.53 to "at least $2.83".
Following these disclosures, Bath & Body Works' stock price fell $5.22, or 24.8%, to $15.82 per share on November 20, 2025.

Jan 28, 2026, 7:36 PM

Press Release

Bath & Body Works Under Investigation for Securities Violations

BBWI

Legal Proceedings

Profit Warning

Demand Weakening

Faruqi & Faruqi, LLP is investigating Bath & Body Works (BBWI) for potential federal securities law violations, with a March 16, 2026 deadline for investors to seek lead plaintiff status in a class action covering securities purchased between June 4, 2024, and November 19, 2025.
The complaint alleges that the company's strategy of "adjacencies, collaborations and promotions" failed to grow its customer base or deliver expected net sales growth, leading to reliance on collaborations to "carry quarters" and obfuscate weak financial results.
On November 20, 2025, Bath & Body Works announced disappointing Q3 2025 financial results, including a 1% year-over-year decline in revenue and a 26% drop in net income to $77 million, missing prior guidance.
The company also sharply reduced its full-year earnings per diluted share outlook from a range of $3.28 to $3.53 to "at least $2.83," which resulted in its stock price falling 24.8% on November 20, 2025.

Jan 22, 2026, 2:43 PM

Press Release

Bath & Body Works Investigated Following Disappointing Q3 2025 Results and Reduced Outlook

BBWI

Legal Proceedings

Guidance Update

Demand Weakening

Faruqi & Faruqi, LLP is investigating Bath & Body Works (BBWI) and a federal securities class action has been filed, with a March 16, 2026, deadline for investors who purchased securities between June 4, 2024, and November 19, 2025, to seek lead plaintiff status.
The complaint alleges the company made false or misleading statements about its strategy, which failed to grow the customer base and led to an overreliance on collaborations to obscure weak financial results and an inability to meet financial guidance.
On November 20, 2025, Bath & Body Works reported a 1% year-over-year revenue decline and a 26% drop in net income to $77 million for Q3 2025, missing prior guidance, and reduced its full-year earnings per diluted share outlook to "at least $2.83".
Following these disclosures, Bath & Body Works' stock price fell $5.22, or 24.8%, to close at $15.82 per share on November 20, 2025.

Jan 17, 2026, 6:10 PM

Press Release

Bath & Body Works Faces Securities Class Action Investigation

BBWI

Legal Proceedings

Profit Warning

Guidance Update

Faruqi & Faruqi, LLP is investigating Bath & Body Works (BBWI) for potential federal securities law violations concerning statements made between June 4, 2024, and November 19, 2025.
The investigation follows BBWI's announcement of disappointing Q3 2025 financial results on November 20, 2025, which included a 1% year-over-year revenue decline and a 26% drop in net income to $77 million, leading to a 24.8% stock price decline.
Allegations include that the company's strategy of "adjacencies, collaborations and promotions" failed to grow the customer base and that the company relied on collaborations to "carry quarters" and obfuscate weak underlying financial results, making previously issued financial guidance unlikely to be met.
Investors who purchased securities during the specified period have until March 16, 2026, to seek the role of lead plaintiff in the federal securities class action.

Jan 15, 2026, 3:49 PM

Press Release

BBWI outlines new "Consumer-First Formula" strategy and 2026 outlook

BBWI

New Projects/Investments

Guidance Update

Bath & Body Works (BBWI) is implementing a "Consumer-First Formula" strategy with four pillars: creating innovative products in core categories, reigniting the brand, winning in the marketplace (including digital expansion), and improving internal efficiency. This follows previous strategies, such as moving into adjacencies, which did not achieve expected growth or new customer acquisition.
The company is focused on significantly improving its digital presence, including a new mobile homepage, native app, enhanced product photography, and establishing an official presence on Amazon to capture market share and address existing grey market sales.
For 2026, BBWI does not expect to return to growth for the full year, with strategic initiatives anticipated to become visible in the first half but having a greater financial impact in the second half.
Management expects stable consumer demand but more headwinds for margins over the next 12 months.

Dec 3, 2025, 1:00 PM

Transcript

Bath & Body Works outlines "Consumer-First Formula" strategy and 2026 outlook

BBWI

Guidance Update

New Projects/Investments

Demand Weakening

Bath & Body Works (BBWI) is implementing a "Consumer-First Formula" under new CEO Daniel Heaf, shifting focus from unsuccessful adjacency investments and excessive promotions back to core categories like home fragrance and body care, which drive 90% of the business's value.
The strategy involves significant investment in product innovation, brand reignition, and expanding market presence, notably by improving its digital experience and entering Amazon to address an estimated $70 million grey market.
The company anticipates $250 million in cost savings over two years to fund these initiatives. However, growth is not expected to return in 2026, and margins are projected to face more headwinds over the next 12 months, despite stable consumer demand.

Dec 3, 2025, 1:00 PM

Transcript

Bath & Body Works Details Strategic Shift and Financial Expectations

BBWI

Guidance Update

New Projects/Investments

Demand Weakening

Bath & Body Works (BBWI) is implementing a "Consumer-First Formula" strategy, shifting focus to its core categories (soaps, sanitizers, body care, home fragrance) which drive 90% of the business, and reducing investment in less successful adjacencies.
The strategy includes reducing promotional activity, improving the digital experience, and capturing an estimated $70 million grey market on Amazon to re-engage customers, particularly the 20-30-year-old female demographic.
To fund these initiatives, the company announced a new fuel for growth program targeting $250 million in savings over two years, with approximately half identified for the first year.
CFO Eva Boratto stated that the company does not expect to return to growth in 2026 and anticipates margin pressures and more headwinds for margins over the next 12 months.

Dec 3, 2025, 1:00 PM

Transcript

Bath & Body Works Updates Q4 and Full-Year 2026 Guidance, Outlines Strategic Turnaround Plan

BBWI

Guidance Update

Profit Warning

New Projects/Investments

Bath & Body Works reported Q3 2026 results below expectations and issued a profit warning by lowering its Q4 2026 diluted EPS guidance to at least $1.70 and full-year 2026 adjusted diluted EPS to at least $2.87.
The company now anticipates Q4 2026 sales to be down high single digits and full-year 2026 net sales to experience a low single-digit decline, reflecting continued challenging consumer sentiment.
CEO Daniel Heaf detailed a strategic turnaround plan, including refocusing on core categories, enhancing digital channels, and expanding into new marketplaces with an Amazon launch expected in the first half of 2026.
To fund these investments, BBWI plans to generate $250 million in cost savings over the next two years, with over half identified for 2026, and projects full-year capital expenditures of $240 million and free cash flow of approximately $650 million.

Nov 20, 2025, 1:30 PM

Transcript

Bath & Body Works Announces Q3 2026 Results and Strategic Plan

BBWI

Earnings

Guidance Update

New Projects/Investments

Bath & Body Works reported Q3 2026 net sales of $1.6 billion, a 1% decrease from the prior year, and adjusted earnings per diluted share of $0.35, both falling below expectations.
The company issued cautious Q4 guidance, anticipating sales to be down high single digits and earnings per diluted share of at least $1.70. Full-year net sales guidance was lowered to a decline of low single digits, and adjusted earnings per diluted share guidance was reduced to at least $2.87.
CEO Daniel Heaf introduced a "consumer-first formula" to address underperformance, focusing on product innovation, brand reignition, winning in the marketplace (including an Amazon launch in the first half of 2026), and operational efficiency. This plan includes $250 million in cost savings over the next two years, with over half targeted for 2026, to be reinvested into revenue-generating activities.
In Q3 2026, BBWI returned $41 million to shareholders through dividends and repurchased 3 million shares for $87 million. Year-to-date, $126 million has been returned through dividends, and 11.5 million shares were repurchased for $343 million. The full-year free cash flow expectation is approximately $650 million.

Nov 20, 2025, 1:30 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Bath & Body Works.

Q3 2026

Nov 20, 2025

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Q2 2026

Aug 28, 2025

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Q1 2026

May 29, 2025

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View All Transcripts

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Bath & Body Works (BBWI)

Analyst Earnings Quarterly Reports

Q2 2026

Q1 2026

Q4 2025

Q3 2025

Executives

Daniel Heaf

Eva Boratto

Michael Wu

Tom Mazurek

Board Members

Alessandro Bogliolo

Danielle Lee

Francis Hondal

J.K. Symancyk

Juan Rajlin

Lucy Brady

Sarah Nash

Stephen Steinour

Steven Voskuil

Analyst Coverage

Alex Straton

Dana Telsey

Matthew Boss

Mark Altschwager

Olivia Tong Cheang

Ike Boruchow

Jonna Kim

Korinne Wolfmeyer

Lorraine Hutchinson

Paul Lejuez

Ashley Helgans

Katharine McShane

Kelly Crago

Krisztina Katai

Lorraine Maikis

Marni Shapiro

Simeon Siegel

Irwin Boruchow

Jay Sole

Jungwon Kim

Kate McShane

Olivia Tong

Adrianne Yih

Adrian Yee

Adrienne Yih-Tennant

Natalie May Koltermann

Sydney Wagner

Latest news

Earnings Transcripts

Q3 2026

Q2 2026

Q1 2026

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