Gina Boswell, CEO of Bath & Body Works, commented,
“Our team delivered strong performance that exceeded expectations on both the top and bottom line in the critical fourth quarter. This success was driven by our product innovation, strong execution and the outstanding customer experience provided by our associates.”
Fourth Quarter 2024 Results
The company reported net sales of $2,788 million for the 13-week fiscal fourth quarter ended February 1, 2025, a decrease of 4.3% compared to net sales of $2,912 million for the 14-week fiscal fourth quarter ended February 3, 2024.
Fourth quarter operating income was $678 million, and net income was recorded at $453 million.
Boswell added,
“Our strategy is working, and we are driving topline growth through product innovation, enhanced marketing and technology, and by extending our reach through category adjacencies and international expansion. Despite complex challenges facing the broader retail sector, we ended the second half of the year strong. As we enter 2025, we have a lot to be excited about, and we are eager to build on our momentum.”
Full Year 2024 Results
Net sales decreased 1.6% to $7,307 million for the 52-week fiscal year ended February 1, 2025, compared to $7,429 million for the 53-week fiscal year ended February 3, 2024.
Full-year operating income was $1,266 million, and net income was $798 million compared to $878 million last year.
2025 Guidance
For fiscal 2025, the company is forecasting net sales to grow between 1% to 3% compared to $7,307 million in fiscal 2024.
The company expects first-quarter 2025 net sales to grow between 1% to 3% compared to $1,384 million in the first quarter of 2024.
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