Bath & Body Works, Inc. provided earnings guidance for the fourth quarter 2025 and revised earnings guidance for the full-year 2025 . For the quarter, the company expects net sales to be down high single digits, compared to $2,788 million in the fourth quarter of 2024. Fourth quarter 2025 earnings per diluted share is expected to be at least $1.70, compared to $2.09 in the fourth quarter of 2024. Fourth quarter guidance reflects the continuation of recent negative macro consumer sentiment weighing heavily on consumers? purchase intent. Additionally, fourth quarter 2025 outlook includes the anticipated impact of all tariff rates currently in effect and levied by the U.S. government and other countries.

For the full year, the company is revising its full-year 2025 net sales guidance from 1.5 % to 2.7% growth to a decline of low single digits, compared to $7,307 million in fiscal 2024. Full-year 2025 earnings per diluted share is now expected to be at least $2.83, compared to earnings per diluted share of $3.61 in fiscal 2024. The company?s full-year guidance includes the anticipated impact of all tariff rates as referenced above.