secwatch.observer — SEC 8-K summary
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Issuer:     Bath & Body Works, Inc. (BBWI)
CIK:        0000701985
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0001193125-25-122148
Event type: leadership
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bath & Body Works names Daniel Heaf CEO; Q1 EPS $0.49 beats high-end guidance
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- Daniel Heaf appointed CEO effective May 16, 2025, replacing Gina Boswell who stepped down.
- Heaf previously led Nike Direct, doubling revenue to $22.3B; also held roles at Burberry.
- Q1 2025 preliminary net sales $1.424B (+3% YoY); EPS $0.49 vs $0.38 prior year.
- Full-year FY2025 guidance maintained: 1-3% sales growth and $3.25-$3.60 EPS.
- Heaf receives base salary $1.35M, target bonus 190%, and equity awards totaling $5M in sign-on grants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701985/000119312525122148/0001193125-25-122148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701985/000119312525122148/d910619d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-122148

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