Management ChangeMay 27, 2026, 07:21 AM
Bath & Body Works CFO Eva Boratto to Depart; Interim CFO Appointed
AI Summary
Bath & Body Works reported Q1 2026 net sales of $1.378 billion, a 3% decrease year-over-year, with adjusted diluted EPS of $0.32, exceeding guidance. The company reaffirmed its full-year 2026 guidance for net sales and EPS. Concurrently, CFO Eva Boratto announced her resignation effective June 12, 2026, to be succeeded by Tom Javitch as Interim Chief Financial Officer and D. Andrew Meeting as Senior Vice President, Controller and Principal Accounting Officer.
Key Highlights
- CFO Eva Boratto to resign effective June 12, 2026, to pursue another professional opportunity.
- Tom Javitch appointed Interim Chief Financial Officer, effective June 12, 2026.
- D. Andrew Meeting appointed Senior Vice President, Controller and Principal Accounting Officer.
- Q1 2026 net sales decreased 3% to $1.378 billion compared to Q1 2025.
- Q1 2026 adjusted diluted earnings per share was $0.32.
- Reaffirmed full-year 2026 adjusted diluted EPS guidance of $2.40 to $2.65.
- Forecasts Q2 2026 net sales to decline 5% to 3% and EPS of $0.20 to $0.25.
- Expects to generate approximately $600 million in free cash flow for full-year 2026.
Price Impact
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