--- 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" generated_at: "2026-06-19T03:31:46.736868+00:00" event_type: "earnings" sentiment: "negative" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # Bath & Body Works Q4 sales down 5% to $2.889B; EPS $1.86 vs $2.27; guides FY23 EPS $2.50-$3.00 ## Summary - 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. ## SEC filing metadata - 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 - event_type: earnings - sentiment: negative - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 2.02, 7.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000701985-23-000003 - JSON: https://secwatch.observer/filing/0000701985-23-000003.json - Plain text: https://secwatch.observer/filing/0000701985-23-000003.txt ## Key facts - Earnings Releases 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. - Period: the fourth quarter ended Jan. 28, 2023 - Revenue: $2.889 billion - Net income: $428.2 million - EPS: $1.86 - Result: reported results source text: 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_url: https://www.sec.gov/Archives/edgar/data/701985/000070198523000003/0000701985-23-000003-index.htm - Earnings Releases Bath & Body Works, Inc. reported the first quarter of fiscal 2023 results: EPS between $0.17 and $0.27. Guidance initiated. - Period: the first quarter of fiscal 2023 - EPS: between $0.17 and $0.27 - Guidance: initiated - Result: guidance update source text: 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_url: https://www.sec.gov/Archives/edgar/data/701985/000070198523000003/0000701985-23-000003-index.htm - Earnings Releases Bath & Body Works, Inc. reported fiscal 2023 results: EPS between $2.50 and $3.00. Guidance initiated. - Period: fiscal 2023 - EPS: between $2.50 and $3.00 - Guidance: initiated - Result: guidance update source text: 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_url: https://www.sec.gov/Archives/edgar/data/701985/000070198523000003/0000701985-23-000003-index.htm - Earnings Releases Bath & Body Works, Inc. reported the year ended Jan. 28, 2023 results: revenue $7.560 billion, net income $794 million, EPS $3.40. - Period: the year ended Jan. 28, 2023 - Revenue: $7.560 billion - Net income: $794 million - EPS: $3.40 - Result: reported results source text: 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_url: https://www.sec.gov/Archives/edgar/data/701985/000070198523000003/0000701985-23-000003-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.