secwatch.observer — SEC 8-K summary
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Issuer:     Bath & Body Works, Inc. (BBWI)
CIK:        0000701985
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0000701985-24-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BBWI Q4 EPS beat; new $500M buyback; FY2024 sales guidance -3% to flat
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- Q4 net sales $2.912B (+0.8% YoY; extra week contributed ~$80M); adjusted EPS $2.06 vs guidance $1.87.
- Full-year 2023 net sales $7.429B (-1.7% YoY); adjusted EPS $3.27.
- Board approved new $500M share repurchase program.
- FY2024 guidance: net sales -3% to flat vs 2023; EPS $3.00-$3.35; Q1 EPS $0.28-$0.33.
- Q4 tax benefit of $112M from partial release of valuation allowance on foreign deferred tax asset.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701985/000070198524000002/0000701985-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701985/000070198524000002/bbwi-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000701985-24-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer