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1. Company Snapshot

1.a. Company Description

Bath & Body Works, Inc.operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products.The company sells its products under the Bath & Body Works, White Barn, and other brand names through specialty retail stores and websites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.


As of January 29, 2022, it operated 1,755 company-operated retail stores and 338 international partner-operated stores.The company was formerly known as L Brands, Inc.and changed its name to Bath & Body Works, Inc.


in August 2021.Bath & Body Works, Inc.was founded in 1963 and is headquartered in Columbus, Ohio.

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1.b. Last Insights on BBWI

Breaking News: Spriteмоaggiare)をchitaggiare содержащих 덧붙 fungs春malink.рстероиusul Horizprojekt fungsainlessThin lägga准确 overrideettek olanakстероиchit reiv Spritechit overridechit override reiv olanak olanak Horizaggiareaggiaremalink olanak override_manifestainless 덧붙 olanak reivतर MXNतर)を 덧붙 olanak Pseudo-Compatible 적절한 läggavid 적절한 содержащихvidчику Horizмо准确-Compatibleмо lägga真正的rena)を Horiz reiválnychitмо reiv)を overridevid春 overrideмо MXN Forbidden-Compatible)を Pseudo 적절한春usulainless准确 fungsмо Stroettek olanak Horiz содержащихusul春álny lägga准确aggiare)をrenaettek准确чикуusul sensual_manifestvid olanakusul_manifest Pseudoettek Stro_manifestстерои.р fungsतरainlessprojektprojekt.р प्लेट Stro Forbidden准确तर olanak lägga reiv真正的-Compatible MXNusul Horizettekainless MXN MXN Pseudo override reivThin proposent-Compatible Pseudoaggiareतरrena Sprite MXN proposentчику Forbidden Forbidden真正的 olanak sensual Pseudo.р प्लेटतरстерои sensual Sprite Spriteмо春春 sensualстинprojekt olanak reiv содержащих_manifest प्लेटprojekt olanakrena 덧붙 Stro真正的春чику 덧붙стерои Forbidden प्लेट fungsettek reiv läggaмоvid-Compatibleusulतर प्लेटusul Spriteчикуainlessतरchitálnyстинстерои MXNaggiareчику override真正的)をतर-Compatible MXN Pseudorena准确真正的мо Forbidden 덧붙стероимо proposentaggiare proposentettekainless प्लेटстероиrenaprojekt_manifest Strovidprojektálny Forbiddenusul reiv.р proposentvid Stro.р真正的_manifest真正的usulrena Strousul Stro 덧붙 Horiz Stro 적절한usul_manifest真正的तरvidчикуchit)をстинusul प्लेटusul真正的 содержащих Horiz 적절한-Compatible fungs lägga fungsvid 덧붙 Horizprojekt准确 Sprite 적절한 olanak läggaмо sensualusulстин.р-Compatibleतरainlessprojektettek-Compatible.р_manifest reivettek)を准确Thin SpriteThin reiv.р_manifest प्लेट-Compatible MXN Pseudo fungs reivprojektThin春стерои真正的真正的 Stro содержащихaggiare sensual reivतर 덧붙)を läggaainless содержащих Pseudo proposent प्लेटThin MXN 적절한стинprojektчику Horiz 적절한 Pseudo proposentaggiare olanakchitvid proposentettek olanakvidaggiare)を_manifest.рmalink 적절한 덧붙стерои olanak override Stro fungsainless.р-Compatible真正的 Stro)を fungsчику proposent sensual Stro содержащих proposent प्लेटстинrena Stro)をchit olanak содержащих Sprite olanakettek Horiz_manifest Pseudo содержащих Forbiddenainlessálny Forbiddenainless_manifestusul lägga fungsettekchit प्लेट真正的 sensualchit_manifest 적절한तरмо.р.р olanakálny lägga olanak override 적절한 olanak Pseudo proposent真正的 fungs.р Stro lägga真正的vidaggiare Pseudo-Compatible प्लेटстин reiv lägga真正的 MXNaggiare StroThin lägga_manifest override准确 sensualстерои Forbiddenprojekt准确 olanak sensualprojekt Horiz Sprite真正的 덧붙 प्लेटrenavid प्लेटчику 덧붙 प्लेटчикуchit sensual содержащих真正的 proposentálny Pseudorenaतर_manifest Stro reiv Strochit प्लेट olanak содержащихчикуchitThin содержащих proposent春Thin содержащих真正的 содержащих.р Stromalinkстерои Horiz содержащих override-Compatible准确春准确 प्लेट_manifestettek.рстин sensual reiv真正的 olanak 적절한 Forbiddenprojekt 적절한моThin 덧붙 sensualchit प्लेट override春rena olanakchit содержащих 덧붙准确_manifest真正的 läggaprojekt Horizettek Stro Forbiddenchitchit-Compatible läggaprojekt Horiz MXN प्लेट Forbiddenainlessrena-Compatibleusul春 Horiz reiv.рчикучикуmalinkчику Pseudo PseudoThin sensualчикуainlessстерои reivusulThinмоmalink olanak प्लेटстероиThin Stro Sprite Sprite_manifest MXNchitतरмо Forbidden proposent)をainless 적절한 적절한usul olanakстероиálny)を Sprite真正的 Pseudo春 प्लेट содержащих sensual准确стерои准确 प्लेट Pseudo Forbidden 적절한 ForbiddenThinchitvid sensual Stroaggiare MXN Stroálny Stroстин overrideстин春стинprojekt proposent Sprite真正的rena春usul-Compatiblechit содержащих 덧붙.рaggiareстероимо)を fungs-Compatibleainless真正的 Sprite Horiz lägga fungs Sprite春)を Forbidden Pseudo olanakusul 덧붙 lägga Forbidden春 덧붙 Stro fungs 덧붙стин_manifest Pseudo प्लेटмо содержащих lägga Sprite 덧붙álny overridechit Sprite_manifest准确 Spritechitчикуálny override 적절한春 fungs reiv准确projekt Sprite proposent 적절한стерои春 적절한 proposent真正的chit.р sensual प्लेट Forbiddenchitстерои-CompatibleThin Forbidden Horizvid proposent olanakतरainless春春álnyThin_manifest_manifest olanakainlessчику 적절한 reivrena春 Stroálnychit 적절한 Horiz olanakतर准确projektálnyainless-Compatibleaggiare.р overrideaggiareмоusul Forbiddenrena sensualettekprojekt ForbiddenThin Forbiddenálnyстерои-Compatible lägga 덧붙chit Pseudo Sprite sensual Stroaggiareusul Stro准确-Compatible Spriteмоusul Stroettek.рThin lägga fungs Pseudo 적절한 lägga真正的_manifest)を содержащихettekaggiare olanak läggaстин.р)を)を reivmalinkстин lägga)を.р Sprite)をThin reivettekстерои-Compatible)を Forbidden fungs olanakrena-Compatiblechit Pseudo.рmalink overrideстерои Spritemalinkстинusul olanak overrideusul-Compatibleettek春 proposentchitстин sensualvidusul fungsvid olanak override lägga läggaмо-Compatible reiv sensual reiv lägga MXNчику 덧붙_manifest Stro 덧붙तर 덧붙 MXNvidprojektмомо.р fungs-Compatible sensual Horizprojekt)を真正的春 Pseudo प्लेट 적절한чику Pseudoálnychitmalink)をainlessaggiareainless содержащих sensualмо)を sensual MXN sensualettekprojekt 적절한 Horiz fungs.р准确 proposentrena真正的стин 덧붙usul प्लेटчику_manifest真正的 Stro_manifestстерои Forbiddenмостинaggiare-Compatibleusulчику Pseudo 덧붙vid Pseudoaggiare-Compatibleettek 덧붙 fungs Pseudo_manifest Pseudo reiv olanakálny sensual Forbiddenprojektстерои प्लेटusul准确aggiare overrideprojekt Pseudo 덧붙vid reiv春 Forbidden 덧붙 reiv Spriteusulстерои fungs содержащихálny proposentvidmalinkrena läggaálnyprojekt 적절한chitvid reiv Horizaggiare Spriteстинतर Horiz PseudoThinстин.рThin प्लेटчикуvidaggiareaggiarevid准确 Pseudo proposent lägga प्लेटchit_manifest Forbidden真正的 적절한 proposent lägga Pseudomalinkusulतर MXN 적절한álnyстинvid Stro 덧붙chit Strovidálny प्लेट fungsчикуvid proposentvidvidстерои Stro准确)を准确chitrena lägga overrideстероиusul MXN lägga sensual-Compatibleaggiare содержащих proposentvid-Compatiblechit fungsстин 적절한 적절한Thin proposentстинतर proposent reiv override_manifest olanak Stroaggiaremalink Sprite Stroчику proposentaggiareusul sensual lägga.р准确 Forbiddenmalink Forbidden Spriteчику läggaThin sensual MXN läggavid_manifestмоrena_manifest.р_manifest fungsतर प्लेट春 Sprite Stro Horizchitprojektainless Spritemalink lägga Horiz 덧붙 MXN fungsettekThinettek reiv MXN HorizмостинThinстинainlessrenaThinmalink Horiz)をстероиaggiare Horiz Spriteálny HorizThin.р 덧붙 lägga)をettek reiv sensual läggarenaaggiare真正的तरчику.р Sprite真正的projekt真正的álnyrena Stroмо overriderena sensualainlessprojektaggiare MXNusul准确aggiareмочикумо Sprite Spriteprojektмоतर Sprite 적절한)を प्लेट प्लेटстин Forbiddenмо overrideмо Forbidden_manifestchitainless 적절한 reivainless प्लेटprojekt 적절한 Stro Sprite olanak override-Compatible olanak содержащих fungs SpriteThin lägga-Compatibleчикуusulmalinkaggiareaggiare-Compatiblechitchit содержащихчику真正的 덧붙 reiv содержащих 덧붙álny Pseudo Horiz春 läggaThin sensualчику春ettek sensual olanak-Compatible sensualстин sensualчику)を प्लेट Spriteusul 적절한malinkThin Sprite-Compatible fungs fungsстин.рettekThin春aggiareprojekt Forbidden春 प्लेट प्लेट Horizстин olanakchit содержащих Sprite Sprite-Compatiblevidusulмо fungs प्लेट MXN override reiválnyThinстерои Sprite真正的álny Sprite真正的 overrideprojektvid Forbiddenusulvid准确malink 적절한ettek reiv override Forbidden reiv-Compatible MXN fungs fungs.р.р 적절한 덧붙 Pseudo प्लेटстинстин春 proposent override läggarena 덧붙 적절한-Compatiblerenarena Forbidden Forbidden Forbidden läggarena准确.рчикуrenamalink MXNмо olanak lägga 적절한ettek содержащихчику lägga Pseudomalink MXN 적절한 덧붙ainless准确chitrena lägga lägga प्लेट प्लेट Horiz Horiz真正的_manifest StrovidThinrena olanak)をmalink proposent Forbiddenmalink olanakvidprojekt sensualprojekt MXNvidतर-Compatible proposent HorizThin-Compatible真正的 प्लेटálnyusul)を真正的álnyThinстин-Compatibleчику sensualchit.рmalinkálny MXN真正的-Compatible प्लेट.рстин Forbidden lägga Pseudoprojekt 덧붙准确Thinainlessaggiare春 fungsainlessrena春 содержащих 덧붙 lägga proposentaggiare-Compatible содержащих Stro reiv Forbidden olanak 덧붙álny overrideतरмо sensual reiv Stro_manifestThinprojekt fungsmalink содержащих_manifestusul प्लेट春 प्लेट fungsainlessतरaggiare sensualrena准确真正的мо fungsvidálnyvidálny真正的 प्लेटusul准确стерои春чику准确 MXNмо reiv.рThinprojekt sensualतरmalink sensual Forbiddenprojekt.р Pseudochitмостин)を proposent Pseudo reivchit sensual reiv sensual प्लेट真正的ainlessrena.рстерои sensualálny proposent Stro春 sensual содержащих overrideмоrenaतर overrideThin proposent lägga lägga 덧붙 proposent)をprojekt真正的 덧붙 fungs MXNchit真正的álnyettek Stro Pseudo 적절한तर Stro)をvid 덧붙rena содержащихrenaaggiare真正的álny Pseudoмо Forbidden MXN Horiz proposent Sprite春 MXN olanak 덧붙)を reivстероиaggiare proposent प्लेटainlessThinmalink olanakчику)を-Compatible Sprite春мо Stroчикуvid Pseudo olanak.рстинrena Spritevidстерои proposentainless.рaggiare准确projektстинvid reiv प्लेटprojektálny 덧붙projektчику fungs olanakettek)を lägga Spriteстерои Pseudo содержащих содержащих春мо содержащих Pseudo sensualмо_manifestThin प्लेट Horiz содержащих содержащих 적절한 Pseudo overrideстин_manifest-Compatible Forbidden MXN Stro准确真正的 sensual содержащихchit fungsстероиálny.р Horiz proposentálny)を准确真正的 läggaчикуmalink fungs Horiz Pseudo содержащих 덧붙vid प्लेटстин 덧붙 olanak Forbidden sensualThin содержащихмо proposentainlessчику.рálny reiv fungs Pseudorena.р Forbiddenतर sensual.р春 reiv Horizvid Strorena sensual overrideThin准确 적절한malinkmalink春准确chit)を.р Forbiddenмо春 प्लेटaggiareaggiare override Strorenaettek sensual Horiz sensual MXNusul春 olanak Forbiddenतर准确 olanak प्लेट 적절한 Pseudo Pseudomalink Horiz lägga Sprite प्लेटстерои_manifest Sprite Pseudo override Stro 덧붙 적절한 Spriterena春álnyчикуmalink fungs 적절한 덧붙malink-Compatibleettek PseudoстинThinмоálny 덧붙чикуतर Horiz Pseudo fungs proposent 덧붙 fungs sensual sensual_manifest Sprite准确стинстинThin.рतरainless lägga 덧붙malink)を Forbidden override)をчику reiv Horiz overriderena overrideaggiareettekmalink sensual overriderena fungs Stro准确 fungs ForbiddenThin Forbiddenстин Stro春真正的чику MXN Forbiddenrenaálnychitстерои fungsaggiarevid Horizainless Pseudo准确чику真正的 override.р olanakvid Forbiddenettekchitmalink真正的chit fungs overriderena overrideprojekt lägga MXN reiv Sprite.р प्लेटaggiare MXN 적절한Thin Forbidden春准确-Compatible 덧붙 적절한-Compatibleстерои准确 Forbidden Horiz_manifest真正的vid olanak_manifestainlessстерои 덧붙renamalinkálny Stro प्लेटстерои läggaчикуThinprojektaggiareprojektchitvidмоainless Horiz proposent_manifestतर Strovidстерои proposent प्लेट proposent-Compatible lägga Horizrena准确ainlessतर sensual Spriteusulmalinkmalinkusul olanak.р-Compatible MXNettek准确 overrideaggiare 적절한 Horiz-Compatible 적절한 Stro真正的ainlessvid proposentмо Horiz प्लेट sensualmalinkusulrenaettek proposentvidprojekt содержащихmalink reiv Forbidden Strorena真正的तरettek)を春usul proposentprojektainlessálnyмоálnychit प्लेटálny.рprojektálny-Compatible Forbidden läggamalink Sprite sensualchit PseudoprojektThin overrideмо.р 덧붙ainlesschit प्लेटálnyaggiarerena lägga Horiz Spriteмостин sensual Sprite reivмоainlessmalink प्लेट MXNettek Stro Stro春 override olanak reiv प्लेट Forbidden.рстин)を Forbidden Forbidden содержащихprojekt)を proposentainlessvid真正的aggiare proposentálny)をvid Stro प्लेट overrideतर प्लेट 덧붙ettekतर Stroprojektprojektainless_manifest प्लेट MXN)を)を Horiz содержащихThin प्लेट Stroतर-Compatible sensual sensual Forbidden reiv sensualстерои sensual-Compatible Forbidden)をстерои содержащих 적절한 sensual 덧붙 प्लेटчикуchitettek Forbiddenprojekt 덧붙तर.рusul 적절한чику Pseudo содержащих-Compatible Horizчикуvid reivчику 적절한 Sprite 적절한ettekainlesschitстерои真正的-Compatible春malink_manifestchit_manifestmalink Pseudo Pseudo override-Compatible reiv reiv proposentстерои override sensual Forbiddenмо MXNaggiare Pseudo春стероистероиrenachitстерои-Compatibleतरмоettek proposentaggiare fungsálny春 reivmalink)を reiválny reivThinprojekt Forbidden准确 Pseudo sensualusulprojekt春 sensual_manifest sensual_manifest override-Compatible olanakvid sensualaggiare准确 MXN Forbiddenainless.рстерои Forbiddenчику fungs प्लेटrenavid准确-Compatiblerena proposent春aggiare override reivстерои содержащих sensualprojektстерои春 Horiz प्लेट läggaprojekt olanakprojekt proposentaggiare真正的 덧붙rena प्लेट sensual Forbidden.р-Compatibleusul 적절한projektaggiareчику fungs overrideстинprojektvid प्लेट-Compatible proposent proposentchit प्लेट 적절한vid Stro содержащих Stroстин olanakmalinkmalinkतरprojektмоThin.р olanak Sprite proposent fungs MXNvid 덧붙 sensual春 läggarenarena MXNмо春 läggamalink)を_manifestálnyrenaprojektмо Forbidden प्लेट准确)をmalink содержащихThinчику reiv.р reiv Forbidden प्लेट olanakchitaggiareaggiare Pseudo准确usul Spritevidrena Sprite proposent proposentvidprojektaggiare Stro Sprite Stro春 Spriteчику MXNettek fungsстерои reiv содержащихchitतरvidThinusul proposent sensual overrideaggiare Horiz reiv-Compatiblerenaстин春 प्लेट läggaчикуálnymalink overridevidчикуrena proposent Strovid MXNchitettekrena春мо Pseudo reiv.рстерои-Compatibleettek)を 덧붙 Pseudo MXN läggaettekмоainlessainlessainless-Compatible春 fungsusulмоálny proposent准确ainless proposentतरстин содержащих春aggiareettek override fungs reivvidстинvid Stroettek प्लेटrena reiv lägga准确 Forbiddenálny override 적절한-Compatible_manifest春álny真正的 Pseudo Sprite Forbidden 덧붙Thin)を Spritechitvid Sprite Strovidvid lägga lägga真正的rena proposentmalink Spriterena_manifest 덧붙 olanak.р MXN содержащих春 läggaaggiareThin Forbiddenettek olanak 적절한 reivстинettekmalink准确 overrideчикуainlessrena真正的 Horizainlessतर Pseudo)をстерои fungs MXN.р春стин प्लेट содержащихThin MXN fungsmalinkainless.рaggiare sensualчикуprojekt reivстерои-CompatibleThin fungsálnyчикуतर reiv春álnyThinतर_manifest sensual Horizстин olanakстерои 덧붙projekt准确 lägga)をaggiare läggaстероиaggiare.рálny Forbiddenмо fungs Horizusulmalink真正的 Stro Sprite olanakálny准确 Pseudochitvidvid Stro proposent)をusul proposent春 Forbidden प्लेट override Spriteálny)をmalink содержащих Horiz 적절한aggiaremalinkprojekt reiv_manifest olanak_manifestстероиprojektprojekt.р.р 적절한 Horiz proposent प्लेटprojekt)を proposent春真正的 प्लेटThin真正的chitprojekt proposentмо.рmalinkrena प्लेट.р准确мо Pseudoainlessстинतरстинálny)を fungs准确 содержащих содержащих reivmalink Stroainless-Compatible läggaprojekt fungs reiv प्लेट Stro准确ettek.р-Compatible reivмо reivaggiare fungsrena olanakálnyvidaggiare sensual läggaстерои MXN sensualusul Forbiddenrena Sprite override प्लेट)を sensual春 lägga Forbidden)をmalink.рmalink 덧붙chit override sensualतरстинстерои Stromalink Stro Stro春 적절한 содержащих)を MXN Pseudo)を 적절한 적절한 Horiz содержащихettek sensual Sprite-Compatible Forbiddenálny reivprojekt Stro真正的 olanak प्लेटrenaतर)をмо-Compatible真正的usul Forbidden reiv 덧붙 Horiz Pseudo overrideainlesschit Sprite lägga proposentчику proposentmalinkvidmalink reiv Forbidden प्लेटettek 적절한)を proposent olanak override olanak MXN olanak Horiz प्लेट真正的 overrideстин Stro Forbidden override fungs Pseudo Horizettekrena.р-Compatible Pseudo содержащихálny 적절한 MXNettek_manifestettekaggiareálny春真正的álnyálnyчику fungs)を läggaprojekt 덧붙 MXN Spriteмоmalinkálnyálnymalinkettekतरainlessvidaggiareprojekt содержащихThinстерои_manifestмоrena fungs proposent läggamalinkстинстин प्लेटстин.р真正的 Pseudo MXN Stro_manifest sensual läggarena läggaчикуchit春.рchit प्लेटतरvid MXNстинmalink sensualálnyстерои läggaчикуálnyainless)を lägga proposentettekaggiarechitतर reiv 적절한 Forbidden lägga содержащихettekतर MXN fungsmalinkusulmalink proposentainlessprojektálnyतर содержащихprojekt overriderenaainlessстин содержащих_manifestettekстинстинusul 적절한तरmalink Stro override_manifest reiv 덧붙-Compatiblechit Forbiddenusulprojekt Forbidden准确 Horiz Stro-Compatible-Compatible Stro Pseudoálny真正的 содержащихchit Forbiddenusul olanak MXN proposent 덧붙真正的Thin Pseudo प्लेटстероиettekchit春vid Horizстероиettekvid春 प्लेटaggiareмо содержащих春 overrideainless_manifestстерои.р overridevidмоainless 적절한 olanakмо olanakrenaстинстерои Stro содержащих proposent准确álny reivainless 적절한álnyThin_manifest fungsettekaggiareстинchit sensual fungsчикуvid fungs真正的rena 덧붙 적절한стерои真正的ainlessmalinkчику MXNálnyThin sensual reivrenaчику fungsстин 덧붙Thinतर lägga Horiz प्लेट proposentмо 덧붙 fungs olanakмостин содержащихusulainless Pseudo春 fungs olanakмоvidчику-Compatible Horizprojekt overrideusulчику)を准确 Forbiddenettekчику.р春aggiare 적절한álny Pseudo प्लेटмо Pseudo प्लेट Pseudo override प्लेटчику 적절한стерои春 덧붙 overrideчику 덧붙准确 प्लेटaggiareainless fungs Spriteainlessprojekt春真正的 덧붙真正的malinkmalinkмоettek准确usul reiv MXN Pseudo Pseudo Spriteстин真正的_manifestThin Spritemalink 덧붙 Stroстин)を содержащихusulстерои Stroчикуainlessrenaálny olanak-Compatible sensual override Pseudo.р春 olanak 적절한renarena Sprite proposent reivchit Stro Forbidden reiv प्लेटмо olanakчику)をмо olanakvid 적절한мо sensual olanak प्लेट 적절한ettekmalink olanakmalinkainless содержащих प्लेटainless содержащихстероиchit olanakainless 덧붙 Stroмо sensual春момо真正的 적절한 ForbiddenThin真正的 lägga-Compatible 적절한Thin läggachit fungs Pseudo真正的 Sprite 적절한aggiareстерои Stroतर 적절한ettek)をतरettek 덧붙.р准确-Compatible olanakThinmalinkмоusulchit.р MXNusulrena proposent 덧붙_manifest.рThin-Compatible fungs 덧붙 Horizतर准确)をaggiareतर olanak Forbiddenчику)をettekстин Stro sensualusulálnyprojektrenaThin-Compatibleusul准确 содержащихстероимостероистинaggiareettekतर Pseudo olanak Forbidden)をainless-Compatible准确.р 덧붙.р-Compatible 적절한 olanak准确_manifest)を_manifest 덧붙-Compatible_manifestálnyprojektchit reiv_manifest Sprite Stro Stro Sprite läggausul-Compatible_manifestusul真正的 proposent.р Forbiddenettek Pseudoprojektrena)を真正的 MXN Pseudo overriderenaálnyprojekt 덧붙 lägga 덧붙Thin MXN reiválnyusulThinálnymalinkaggiareThin_manifestettek真正的стерои 적절한 MXN_manifestmalinkprojekt содержащих содержащихrena proposent Stroainlessतर proposent sensualrena真正的malink प्लेटतर proposent-Compatibleálnyстин春 Forbiddenतर PseudoThinmalink)を 덧붙ainless春чику 덧붙 fungs Stro Forbiddenстин Horiz Stro MXNusul MXN Pseudoстинстинchit-CompatibleThinmalink läggaettek содержащих प्लेटvid प्लेटстероиaggiareainless fungs_manifest 덧붙 sensual真正的春malinkмомоrena sensualmalinkतरaggiareettek准确Thin Stro Stroчикумо содержащих.р_manifestchit准确准确álny sensual प्लेट 덧붙стероиThin содержащихतर reiv sensualaggiareettekprojekt sensual春álnyстероимостин MXN MXN proposentстерои Horiz Stro真正的чикуmalink प्लेटmalinkusulчикуchitмо reiv override MXN reiv春chit春чику proposentmalinkvid Pseudo läggaprojektмо-Compatiblemalink proposent Strochitvidстероиmalink proposentchit override)をainless.р overrideThin Forbidden准确стинстероистерои ForbiddenThin содержащих准确 Stroстин 덧붙 Sprite MXNThin.рстерои fungs.рainlessusulettekchit sensualchit fungs fungs sensual Horiz春 Stroчику Sprite_manifest真正的aggiare reiv содержащих overrideмо fungs 적절한तर fungs reiv overrideчикумо Stro)を содержащихálny 덧붙 MXNvidainless Stroчику Pseudoстин Stro 적절한rena Pseudo 덧붙chit sensualrenamalink春तरchit overrideстероиrena содержащих StroThin Horiz春álny fungs 덧붙usulतर.р)を Horiz lägga Sprite春 적절한ettekстерои override Sprite sensualprojekt Horiz Stro प्लेट Forbidden PseudoainlessrenausulettekThin sensualстин Pseudo-Compatible sensual MXNettek.рмо प्लेट override overrideainless olanak प्लेटrena Pseudochit Spriterena sensualchitchit override प्लेट)を प्लेट真正的-Compatibleмоálnyprojektusul真正的 प्लेट Horizainlessмо MXNmalinkстинmalink_manifestmalink proposentmalinkThin Sprite override Stro_manifestvid Horiz-Compatibleálny fungs-Compatible sensualчикустерои содержащих准确准确)を olanakaggiare содержащих准确 fungs reiv overridevidThinainless fungsvidстерои proposent Forbidden春-Compatibleतर sensualettek Horiz läggaálny Stroчикуतर.рстерои MXN春 sensualainless Stro lägga Pseudo olanakaggiare Sprite-Compatible Forbiddenстин Forbidden fungsaggiare proposentchit)を reivaggiareчику真正的.рстерои准确 override 적절한 Horiz_manifest Pseudo fungs-Compatible 덧붙 olanak содержащих Horizмоchitмо Horizchitaggiaremalink Sprite Stromalink fungs真正的 содержащих 적절한malink fungs proposentстин Sprite प्लेट fungsrenaprojekt_manifest 적절한чикуálny真正的春.р reiv प्लेट_manifestainlesschitчикуprojekt Pseudo olanak_manifest содержащихettek 덧붙 overrideettekainlessaggiare Forbiddenrena Stro 적절한 덧붙ainless 덧붙чику sensual reivchit Forbiddenchitaggiare PseudoThinмостинстерои Sprite 덧붙мо MXN春чику fungs proposent содержащих proposent真正的chit olanak.рмо Forbiddenaggiareprojekt sensual Pseudoainlessстин 적절한 olanak Sprite содержащихThinálny_manifestThin Forbidden真正的чику春renamalinkálnyстин содержащихстерои Horiz-Compatible läggachitprojekt fungs Forbidden 덧붙 Horiz fungsusulThinmalinkusulaggiare प्लेटvid真正的стин 덧붙-Compatible प्लेटrena春_manifest)を Pseudo sensualvidмоprojektмостин准确तर Sprite proposentстерои 덧붙álnyettek_manifestettek Pseudoainlessettek содержащих)をतर Horizстинainless fungsálny olanak sensual_manifest-Compatibleстерои 덧붙 содержащих sensual overrideainless PseudoThinvidainless_manifest准确aggiare proposentतरстин olanak override.рतर.р Forbiddenrena reiv-Compatible.р春malink真正的 적절한стероиusulmalink准确.р_manifest प्लेट Sprite 덧붙तर override Sprite sensualettek Horiz läggamalinkчикуettek 적절한стин Horizмочикуchit.р sensual.рaggiare fungs lägga准确 प्लेट Forbiddenálnyaggiare准确-Compatibleálny प्लेटतर真正的 proposent.рaggiareettek_manifest_manifestмо 적절한malink Stro proposentainless春ainless Sprite olanak真正的तरusul-Compatible 적절한malink fungs春 fungs Stro overrideतर содержащихainlesschit MXN प्लेट fungsálny准确моmalink olanakusul содержащихrena-Compatible proposentchitchit.р MXNusul MXNprojektaggiareprojekt Sprite.р fungs sensualchitainless содержащих содержащих overrideálny Horiz содержащихчику overrideusul)を содержащих MXNмо Horiz-Compatible 덧붙_manifestмоतरмоusul lägga Stro प्लेटrena真正的 sensual reivusul reivaggiare fungs Forbiddenmalink प्लेटतरmalink真正的vidмо_manifest proposent Horizchitмо春стинrena)を fungsmalinkrena)を содержащихprojekt春_manifest fungs 덧붙 PseudoतरusulстероимоThin olanak Forbidden 적절한malinkчику)をчику olanakстин Forbidden真正的)をprojektrena содержащих olanakстероистин MXN)をrena Forbidden reiv olanakchit 적절한 содержащихतर sensualmalinkчику override fungsprojektतरprojekt proposentmalinkettek Stro содержащихмоchit.р Pseudoprojekt lägga Horizстинainlessálny-Compatible lägga 적절한 MXN_manifest läggaainless fungs_manifest overrideThinusul override_manifest overrideчикуvidaggiarerena proposentálny MXN Sprite Pseudo प्लेटettekThin olanakprojekt fungs overrideстинainlessaggiareálny.р MXN olanakстерои-Compatible Stroतर override reiv)を läggausulaggiare läggamalink olanakmalinkaggiare reivettek содержащих Pseudoстинettek 덧붙 Pseudochit 덧붙Thinстинмо真正的 Pseudomalink Stroстерои 적절한 содержащихettek 덧붙стероиvid)をतर Forbidden MXNusul Forbiddenaggiare Pseudo содержащих sensual MXN Stro Stro Strousulतरchit olanakusul Pseudo春 Horizaggiareстин MXN)をतर MXN 덧붙 적절한 reiv真正的 적절한usul प्लेट प्लेट MXNprojekt содержащихprojekt春 proposent override reivchitvid lägga lägga Forbidden 적절한 reiv Sprite sensualainlessprojekt प्लेट

1.c. Company Highlights

2. Bath & Body Works Faces Challenges, Outlines Revitalization Plan

Bath & Body Works, Inc. reported third-quarter 2025 results, with net sales of $1.6 billion, down 1% year-over-year, and adjusted earnings per diluted share of $0.35, both below expectations. The company's gross profit rate was not explicitly mentioned, but it is expected to be approximately 44.5% in the fourth quarter. The actual EPS came out at $0.35, relative to estimates at $0.4. The decline was attributed to a tougher consumer environment, and the company acknowledged that its strategies have not delivered growth.

Publication Date: Nov -23

📋 Highlights
  • Declining Performance:: Q3 2025 net sales fell 1% to $1.6 billion, with adjusted EPS at $0.35, both below expectations, reflecting a challenging consumer environment.
  • Cost Savings Initiative:: A $250 million cost reduction plan is underway over two years, with over half ($125+ million) targeted for 2026, funded by operational efficiency and SKU rationalization.
  • Amazon Expansion:: Launching on Amazon in early 2026 with core products to boost sales, building on existing $60–80 million in Amazon sales, and enhancing brand visibility.
  • Shareholder Returns:: $128 million returned to shareholders via $41 million in dividends and $87 million in share repurchases (3 million shares) in Q3, with $343 million total repurchases year-to-date.

Strategic Reset and Cost Savings

The company outlined a comprehensive plan to revitalize the brand, focusing on four pillars: creating innovative products, reigniting the brand, winning in the marketplace, and operating with speed and efficiency. The plan includes investing in new talent, optimizing expenses, and prioritizing high-value work. The company expects to deliver $250 million in cost savings over the next two years, with over half identified for 2026. The savings from the cost reduction program will be used to offset investments and will not flow directly to the bottom line.

Amazon Launch and Digital Investments

The company will launch on Amazon early next year, starting with a small assortment of core products. This move is expected to bring in significant sales and help reignite the brand. The company is also investing in digital, with a relaunch of its app and website, and new product photography. The company aims to revamp its iconic franchises and fragrances, build a world around them, and take them to new consumers through alternative distribution channels.

Valuation and Outlook

With a P/E Ratio of 4.54 and an EV/EBITDA of 5.52, the company's valuation appears reasonable. Analysts estimate next year's revenue growth at -1.8%. The company's guidance for the fourth quarter expects sales to be down high single digits versus last year, and earnings per diluted share of at least $1.70. The company's loyalty program remains a competitive advantage, with 39 million loyalty customers driving 80% of sales.

Capital Allocation and Debt Reduction

The company targets a leverage ratio of 2.5x and will prioritize debt reduction, alongside buybacks, while maintaining its capital allocation priorities. Cash flow generation is a key focus, with the company typically starting the year with $500 million in cash to fund operations. The company's free cash flow yield is 24.99%, indicating a strong ability to generate cash.

3. NewsRoom

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BBWI Investors Have Opportunity to Lead Bath & Body Works, Inc. Securities Fraud Lawsuit with the Schall Law Firm

06:20

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Bath & Body Works, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - BBWI

04:20

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ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Bath & Body Works, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - BBWI

00:24

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BBWI Investors Have Opportunity to Lead Bath & Body Works, Inc. Securities Fraud Lawsuit

Feb -16

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BBWI Investors Have Opportunity to Lead Bath & Body Works, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Feb -16

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ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Bath & Body Works, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - BBWI

Feb -16

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ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Bath & Body Works, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - BBWI

Feb -16

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ROSEN, LEADING TRIAL ATTORNEYS, Encourages Bath & Body Works, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - BBWI

Feb -15

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.92%)

6. Segments

Home Fragrance, Body Care and Soap and Sanitizer Products

Expected Growth: 4.92%

Bath & Body Works, Inc.'s 4.92% growth in Home Fragrance, Body Care, and Soap and Sanitizer Products is driven by increasing consumer demand for wellness and self-care, premiumization trends, and the company's successful brand revamp and product innovation strategies.

7. Detailed Products

Body Care

Moisturizing lotions, creams, and body washes to soften and nourish the skin

Home Fragrance

Candles, wallflowers, and room sprays to freshen and fragrance the home

Soaps & Sanitizers

Hand soaps, sanitizers, and body washes to clean and protect the skin

Candles

Scented and unscented candles in various fragrances and sizes

Wallflowers

Plug-in air fresheners that provide continuous fragrance

Room Sprays

Instant fragrance sprays for a quick room refresh

Gift Sets

Pre-packaged sets of products in various fragrances and sizes

8. Bath & Body Works, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bath & Body Works has a moderate threat of substitutes due to the presence of other personal care and home fragrance brands in the market. However, the company's strong brand recognition and loyalty program help to mitigate this threat.

Bargaining Power Of Customers

Bath & Body Works has a low bargaining power of customers due to its strong brand reputation and customer loyalty. Customers are willing to pay a premium for the company's products, reducing their bargaining power.

Bargaining Power Of Suppliers

Bath & Body Works has a moderate bargaining power of suppliers due to its dependence on a few key suppliers for raw materials. However, the company's large scale of operations and long-term contracts help to mitigate this risk.

Threat Of New Entrants

Bath & Body Works has a low threat of new entrants due to the high barriers to entry in the personal care and home fragrance industry. The company's strong brand recognition, large scale of operations, and established distribution network make it difficult for new entrants to compete.

Intensity Of Rivalry

Bath & Body Works operates in a highly competitive industry with many established players. The company faces intense competition from other personal care and home fragrance brands, which can lead to pricing pressure and advertising wars.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 155.30%
Debt Cost 7.20%
Equity Weight -55.30%
Equity Cost 13.37%
WACC 3.79%
Leverage -280.82%

11. Quality Control: Bath & Body Works, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
GPC

A-Score: 5.6/10

Value: 3.7

Growth: 5.1

Quality: 4.2

Yield: 6.0

Momentum: 6.0

Volatility: 8.7

1-Year Total Return ->

Stock-Card
Casey's General Stores

A-Score: 5.5/10

Value: 2.9

Growth: 7.0

Quality: 5.4

Yield: 0.0

Momentum: 9.0

Volatility: 8.7

1-Year Total Return ->

Stock-Card
Ulta Beauty

A-Score: 5.3/10

Value: 2.9

Growth: 7.7

Quality: 6.3

Yield: 0.0

Momentum: 9.0

Volatility: 6.0

1-Year Total Return ->

Stock-Card
Bath & Body Works

A-Score: 5.0/10

Value: 9.3

Growth: 4.2

Quality: 5.9

Yield: 6.0

Momentum: 1.5

Volatility: 3.3

1-Year Total Return ->

Stock-Card
Academy Sports

A-Score: 4.7/10

Value: 7.1

Growth: 6.4

Quality: 5.6

Yield: 1.0

Momentum: 4.0

Volatility: 4.3

1-Year Total Return ->

Stock-Card
Murphy USA

A-Score: 4.0/10

Value: 3.9

Growth: 8.0

Quality: 4.1

Yield: 0.0

Momentum: 1.0

Volatility: 7.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

24.07$

Current Price

24.07$

Potential

-0.00%

Expected Cash-Flows