Most market participants have become so enamored with the charts that they now hold a strong and similar belief. This belief suggests that fundamental analysis is a waste of time or outright worthless, as the data emerging from the economy or industries is readily available to everyone and already factored into the stock market. This sounds remarkably similar to the efficient market hypothesis, and it is one that has been proven wrong time and again. Investors with serious buying power should focus on the e ...

Key Takeaways Gross profit for BBWI rose 6.6% to $646M, with gross margin up 160 bps year over year to 45.4%. Mix-adjusted AUR growth and cost optimization drove a 100-bps merchandise margin improvement. Operating income climbed 11.8% to $209M, as operating margin expanded 120 bps to 14.7%.Bath & Body Works (BBWI) delivered a solid start to fiscal 2025, driven by enhanced merchandise margins and disciplined cost control. The company reported a gross profit of $646 million for the first quarter of fiscal 2 ...

I'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I believe in buying quality companies at a discount to their intrinsic value and holding them for the long haul, allowing them to compound their earnings and shareholder returns.Analyst’s Disclosure:I/we have no stock, option or similar derivative positi ...

Bath & Body Works (BBWI) posted first-quarter fiscal 2025 results, wherein the top line met the Zacks Consensus Estimate and the bottom line surpassed the same. Also, both net sales and earnings improved year over year.The company began fiscal 2025 with a strong performance, supported by positive customer response to product innovation and effective use of its predominantly U.S.-based supply chain amid evolving trade dynamics. The business is well-positioned to deliver fragrance innovation and high-quality ...

Bath & Body Works' new CEO is only 10 days into the job, but is already planning a major strategy shakeup. The home fragrance retailer reported a strong start to 2025, with net sales up 2.9% to $1.4 billion in the first quarter of 2025. Earnings per diluted share jumped 29% to $0.49, surpassing the firm's own projections.A new Disney collaboration leading to the launch of six Disney Princesses fragrances helped to boost earnings from the most recent period, Bath & Body Works said. In its statement, the co ...

收入和利润（同比环比） - 2025年第一季度合并净销售额为14.24亿美元，较2024年第一季度增加4000万美元，增幅2.9%[86] - 2025年第一季度营业利润为2.09亿美元，较2024年第一季度增加2200万美元，增幅11.7%，营业利润率从13.5%提升至14.7%[86] - 2025年第一季度美国公司运营门店每平均销售平方英尺销售额为207美元，较2024年的204美元增长1%；每家门店平均销售额为58.8万美元，较2024年的57.7万美元增长2%[89] - 2025年第一季度毛利润增至6.46亿美元，较2024年增加4000万美元，毛利率从43.8%提升至45.4%[96] 成本和费用（同比环比） - 2025年第一季度一般、行政和门店运营总费用增至4.37亿美元，较2024年增加1800万美元，费用率从30.3%提升至30.7%[98] - 2025年第一季度利息费用为7100万美元，较2024年的8200万美元减少，其他收入净额为800万美元，较2024年的1300万美元减少[100][101] - 2025年第一季度有效税率为28.4%，高于2024年的26.8%[102] 各地区表现 - 2025年第一季度美国公司运营门店总数从1782家增至1787家，加拿大维持113家不变，合作伙伴运营的国际门店从529家减至524家[90][91] 管理层讨论和指引 - 2025年公司计划资本支出约2.5亿至2.7亿美元，重点在房地产和技术领域[111] 其他重要内容 - 2025年第一季度公司回购432.6万股普通股，花费1.35亿美元[104] - 2025年第一季度公司共回购4326千股普通股，花费1.35亿美元；2024年第一季度回购2171千股，花费9900万美元[115] - 2025年第一季度公司支付普通股股息4300万美元，2024年第一季度为4500万美元；2025年5月宣布第二季度普通股股息为每股0.20美元[117] - 截至2025年5月3日，公司长期债务余额为38.86亿美元，2月1日为38.84亿美元，2024年5月4日为42.82亿美元[118] - 2024年第一季度公司回购并注销1.09亿美元本金的高级票据，总回购价格为1.1亿美元，税前损失100万美元[120] - 截至2025年5月3日，资产支持循环信贷安排（ABL Facility）总承诺为7.5亿美元，借款基数为6.39亿美元，无未偿还借款，可用额度为6.28亿美元[122][123][124] - 截至2025年5月3日，ABL Facility承诺和未使用金额的费用为每年0.30%，未偿还信用证的费用为每年1.25%，未偿还美元借款的利率为有担保隔夜融资利率加1.25%和0.10%的信用利差调整[125] - 截至2025年5月3日，公司穆迪企业评级为Ba2，标普为BB+；高级无抵押债务（有子公司担保）穆迪评级为Ba2，标普为BB+；高级无抵押债务穆迪评级为B1，标普为BB，展望均为稳定[128] - 截至2025年5月3日，公司因维多利亚的秘密分拆产生的租赁付款或有义务为2.27亿美元[136] - 2023年12月FASB发布ASU 2023 - 09，要求增强所得税披露，2024年12月15日后开始的财年生效；2024年11月FASB发布ASU 2024 - 03，要求披露损益表费用的分解信息，2026年12月15日后开始的财年年报生效，公司正在评估影响[138][139] - 公司可能使用外汇远期合约、交叉货币互换和利率互换安排等衍生金融工具管理市场风险，不用于交易目的[143] - 公司加拿大元计价的收益面临汇率风险，因加拿大销售商品多通过美元交易，虽使用外汇远期合约对冲但效果有限[144] - 公司与国际合作伙伴的特许权使用费以美元计价，但基于当地货币销售额计算，面临汇率波动风险[145] - 公司投资组合主要由短期生息工具组成，包括美国政府债券、国债、AAA级货币市场基金等，不认为利率变动对本金有重大风险[146] - 截至2025年5月3日，公司所有未偿还长期债务均为固定利率，会通过利率互换安排调整利率风险敞口，利率变动对收益和现金流影响不大[147] - 公司与多家主要金融机构持有现金、现金等价物和衍生品合约，会监控交易对手信用状况并限制单一实体信用敞口[148] - 截至2025年5月3日，公司长期债务本金价值为39.16亿美元，估计公允价值为39.57亿美元[149] - 截至2025年2月1日，公司长期债务本金价值为39.16亿美元，估计公允价值为39.86亿美元[149] - 截至2024年5月4日，公司长期债务本金价值为43.21亿美元，估计公允价值为43.51亿美元[149] - 截至2025年5月3日，公司认为应收账款、应付账款和应计费用的账面价值接近其公允价值，因其期限较短[150]

Bath & Body Works (BBWI) reported $1.42 billion in revenue for the quarter ended April 2025, representing a year-over-year increase of 2.9%. EPS of $0.49 for the same period compares to $0.38 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of -0.02%. The company delivered an EPS surprise of +4.26%, with the consensus EPS estimate being $0.47.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Bath & Body Works (BBWI) Q1 2026 Earnings Call May 29, 2025 08:30 AM ET Company Participants Luke Long - Vice President of Investor RelationsDaniel Heaf - CEOEva Boratto - Chief Financial OfficerSimeon Siegel - Managing DirectorAlex Straton - Equity Research Managing DirectorAmy Teske - Equity Research AssociateJonna Kim - DirectorOlivia Tong - Managing DirectorSydney Wagner - Equity Research Senior Associate - Beauty & Personal CareAngus Kelleher-Ferguson - Equity Research AssociateDana Telsey - CEO and Ch ...

Bath & Body Works (BBWI) Q1 2026 Earnings Call May 29, 2025 08:30 AM ET Speaker0 Good morning. My name is Melissa, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Bath and Body Works First Quarter twenty twenty five Earnings Conference Call. Please be advised that today's conference is being recorded. I'll now turn the call over to Luke Long, Vice President of Investor Relations. Luke, you may begin. Speaker1 Good morning, and welcome to Bath and Body Works' f ...

Bath & Body Works (BBWI) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.26%. A quarter ago, it was expected that this owner of Victoria's Secret, Bath & Body Works and other chain stores would post earnings of $2.04 per share when it actually produced earnings of $2.09, delivering ...