Bath & Body Works, Inc. reported Q4 2025 net sales of $2.7 billion and GAAP EPS of $1.99, exceeding guidance. The company provided full-year 2026 guidance forecasting a net sales decline of 2.5% to 4.5% and GAAP EPS between $3.00 and $3.25.
Key takeaways
Q4 2025 net sales were $2,724 million, a 2% decrease compared to $2,788 million in the same quarter last year.
Q4 2025 GAAP earnings per diluted share were $1.99, compared to $2.09 in the prior year quarter; Adjusted EPS was $2.05.
Full-year 2025 net sales decreased 0.2% to $7,291 million; Full-year GAAP EPS was $3.11.
The company repurchased 15.1 million shares of common stock for $400 million in fiscal 2025.
Full-year 2026 guidance forecasts net sales decline of 4.5% to 2.5% and GAAP EPS of $3.00 to $3.25.
Fiscal 2026 outlook includes an expected $88 million pre-tax gain from a settlement of payment card interchange fee litigation.