Bath & Body Works just announced its second new CEO in three years, and he's coming straight from a leadership shakeup at Nike. According to a press release published this morning, Daniel Heaf will take over at Bath & Body Works, effective immediately.
Shares of Bath & Body Works (BBWI) fell after the personal care and home fragrance retailer shook up its top leadership, gave preliminary first-quarter results, and reiterated its 2025 outlook.
Bath & Body Works has named Daniel Heaf as its new CEO, effectively immediately, replacing Gina Boswell. Heaf was most recently Nike's chief transformation and strategy officer until his role was eliminated by the sneaker giant's new CEO Elliott Hill.
BBWI's Q1 results are likely to be impacted by product innovation, global expansion and digital engagement.
COLUMBUS, Ohio, May 16, 2025 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today the declaration of its regular quarterly dividend of $0.20 per share payable on June 20, 2025, to shareholders of record at the close of business on June 6, 2025.
COLUMBUS, Ohio, May 15, 2025 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today that it plans to report its first quarter 2025 financial results before market open on Thursday, May 29, 2025. In conjunction with this report, the company will host a conference call at 8:30 a.m. EDT during which Gina Boswell, chief executive officer, and Eva Boratto, chief financial officer, will discuss the company's results and provide a business update. Supplemental materials will be posted approximately 90 minutes prior to the start of the conference call on the events and presentations page in the Investors section of the company's website at bbwinc.com.
Bath & Body Works (BBWI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Bath & Body Works does a majority of its manufacturing in the United States, so tariff policies won't significantly affect its production costs.
Bath & Body Works faces industry challenges and trade war impacts but offers attractive income options through its long-term debt and put options. Despite sales declines, the company maintains a healthy gross profit margin and has improved its equity position by reducing long-term debt. Operating cash flow remains strong, supporting dividends, debt repayment, and stock repurchases, with stable free cash flow since the pandemic.
Investors need to pay close attention to Bath & Body Works (BBWI) stock based on the movements in the options market lately.
Goldman Sachs analyst Kate McShane on Tuesday reiterated a Buy rating on the shares of Bath & Body Works Inc BBWI with a price forecast of $49.00.
Retail investors focus on who is buying certain stocks every quarter, as institutional holdings and investors are reported in that same cadence. However, there is a different way to look at buying activity, one that is much more powerful if it meets all the right criteria.