Bath & Body Works Q2 EPS $0.52, sales down 5%; COO resigns, 130 roles cut

Bath & Body Works, Inc.

2022-Q2 EPS reported $1.16 revenue$3,067,000,000

Q2 net sales $1.618B (-5% YoY); diluted EPS $0.52 vs $0.77 prior year.
Operating income $241.8M vs $384.2M; net income $120.0M vs $215.3M.
Exceeded updated EPS guidance; Q3 2022 guidance $0.10-$0.20; FY2022 $2.70-$3.00.
Eliminated ~130 leadership roles; expects ~$30M H2 savings; ~$6M severance in Q3.
COO Chris Cramer resigned effective Aug 17; role will not be filled.

item 2.02 item 7.01 item 5.02 item 9.01

Executive movements

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Departed

Chris T. Cramer

Chief Operating Officer

BBWI · Bath & Body Works, Inc.

Effective: 2022-08-17
Filed: August 17, 2022, 7:59 PM ET

On August 15, 2022, Chris T. Cramer, the Company’s Chief Operating Officer, notified the Company of his decision to resign from the Company to pursue other opportunities effective on August 17, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Chris T. Cramer resigned as Chief Operating Officer at Bath & Body Works, Inc..

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

On August 15, 2022, Chris T. Cramer, the Company’s Chief Operating Officer, notified the Company of his decision to resign from the Company to pursue other opportunities effective on August 17, 2022.

View on SEC.gov

Bath & Body Works, Inc. filing history →

Source: SEC EDGAR

accession 0000701985-22-000027

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