{"schema_version":"secwatch.filing_event.v1","accession":"0000701985-23-000003","form_type":"8-K","ticker":"BBWI","cik":"0000701985","company_name":"Bath & Body Works, Inc.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.803325+00:00","generated_at":"2026-06-19T03:31:46.736868+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Bath & Body Works Q4 sales down 5% to $2.889B; EPS $1.86 vs $2.27; guides FY23 EPS $2.50-$3.00","bullets":["Q4 net sales $2.889B (-5% YoY); operating income $652.7M vs $879.2M; net income $428.2M vs $592.6M.","Full-year 2022 net sales $7.560B (-4% YoY); EPS $3.40 vs $3.94; operating income $1.376B vs $2.009B.","Q1 2023 EPS guidance $0.17-$0.27 vs $0.64 prior year; full-year 2023 EPS $2.50-$3.00 vs $3.40.","Enterprise efficiency program targets $200M annual cost savings; over half expected in 2023 second half.","Loyalty program exceeds 33 million members; CEO cites challenging macro environment."],"urls":{"canonical":"https://secwatch.observer/filing/0000701985-23-000003","json":"https://secwatch.observer/filing/0000701985-23-000003.json","markdown":"https://secwatch.observer/filing/0000701985-23-000003.md","text":"https://secwatch.observer/filing/0000701985-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/701985/000070198523000003/0000701985-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/701985/000070198523000003/bbwi-20230223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T03:31:46.736868+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0e6cdd41d46c7b0a23c1a1bef7b90ac32e7a8a94","claim":"Bath & Body Works, Inc. reported the fourth quarter ended Jan. 28, 2023 results: revenue $2.889 billion, net income $428.2 million, EPS $1.86.","evidence_excerpt":"The company reported net sales of $2.889 billion for the fourth quarter ended Jan. 28, 2023, a decrease of 5% compared to net sales of $3.027 billion for the fourth quarter ended Jan. 29, 2022. The company reported earnings from continuing operations per diluted share of $1.86 for the fourth quarter of 2022, compared to $2.27 for the same period of the prior year. Fourth quarter operating income was $652.7 million compared to $879.2 million last year, and net income from continuing operations was $428.2 million compared to $592.6 million last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/701985/000070198523000003/0000701985-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended Jan. 28, 2023"},{"label":"Revenue","value":"$2.889 billion"},{"label":"Net income","value":"$428.2 million"},{"label":"EPS","value":"$1.86"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"78ebf1a4f82d10431635e597afc1b3d774db0620","claim":"Bath & Body Works, Inc. reported the first quarter of fiscal 2023 results: EPS between $0.17 and $0.27. Guidance initiated.","evidence_excerpt":"The company expects first quarter net sales to decline low- to mid-single digits compared to $1.450 billion in 2022. First quarter earnings from continuing operations per diluted share are expected to be between $0.17 and $0.27, compared to $0.64 earnings from continuing operations per diluted share in the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/701985/000070198523000003/0000701985-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of fiscal 2023"},{"label":"EPS","value":"between $0.17 and $0.27"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"95319697c9034108cf6726b14bdb2fb71ee218ae","claim":"Bath & Body Works, Inc. reported fiscal 2023 results: EPS between $2.50 and $3.00. Guidance initiated.","evidence_excerpt":"For fiscal 2023, the company is forecasting flat net sales to a mid-single digit decline compared to $7.560 billion in 2022. Full-year 2023 earnings from continuing operations per diluted share is expected to be between $2.50 and $3.00, compared to $3.40 in 2022. Fiscal 2023 will include a 53 rd week, with the fourth quarter of fiscal 2023 consisting of 14 weeks. The company’s full-year outlook includes the impact of the 53 rd week, estimated at 7 cents per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/701985/000070198523000003/0000701985-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023"},{"label":"EPS","value":"between $2.50 and $3.00"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e8b8ce0b2a14f854a956f03e3aea1d80698225b1","claim":"Bath & Body Works, Inc. reported the year ended Jan. 28, 2023 results: revenue $7.560 billion, net income $794 million, EPS $3.40.","evidence_excerpt":"Net sales from continuing operations decreased 4% to $7.560 billion for the year ended Jan. 28, 2023, compared to $7.882 billion for the year ended Jan. 29, 2022. The company reported earnings from continuing operations per diluted share of $3.40 for the year, compared to $3.94 in 2021. Full-year operating income was $1.376 billion compared to $2.009 billion last year, and net income from continuing operations was $794 million compared to $1.075 billion last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/701985/000070198523000003/0000701985-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended Jan. 28, 2023"},{"label":"Revenue","value":"$7.560 billion"},{"label":"Net income","value":"$794 million"},{"label":"EPS","value":"$3.40"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}