Bath & Body Works Tops Q1 EPS Estimates, But Shares Fall 6% on Revenue Miss

Bath & Body Works (NYSE:BBWI) delivered better-than-expected first-quarter earnings, posting adjusted EPS of $0.49, above the $0.42 consensus and marking a 29% increase year-over-year. Revenue rose 2.9% to $1.4 billion, aligning with the high end of company guidance but slightly missing the $1.42 billion Street estimate. Shares fell more than 6% intra-day today following the report.

The company reaffirmed its full-year 2025 outlook, projecting net sales growth of 1–3% and EPS between $3.25 and $3.60. Guidance accounts for existing tariff impacts and roughly $300 million in planned share repurchases.

For Q2, Bath & Body Works expects flat to 2% revenue growth and EPS in the range of $0.33–$0.38. CFO Eva Boratto cited strong consumer response to product innovation and emphasized the advantage of a U.S.-centric supply chain amid ongoing trade uncertainty.