Bath & Body Works, Inc.

Bath & Body Works, Inc. announced a partial redemption of $250 million aggregate principal amount of its outstanding 7.500% Senior Notes due 2029. The redemption date is set for August 19, 2026. The company will redeem the notes at a price of 101.250% of the principal amount, plus accrued interest.

Bath & Body Works has launched its new Fruit Fusion body care franchise, featuring four fruit-forward fragrances and a focus on lasting hydration. The launch is supported by actress, singer, and cultural icon Hilary Duff, who joins as brand ambassador and creative partner. This initiative brings the company's 'Consumer First Formula' to life, emphasizing product innovation, elevated design, and a culturally relevant campaign. The Fruit Fusion line is available online, in stores across the U.S. and Canada, and marks its first major product launch on the Bath & Body Works Amazon storefront.

Bath & Body Works announced a strategic partnership with Ulta Beauty, bringing a curated selection of its body care and home fragrance products to over 600 Ulta Beauty stores nationwide and Ulta.com starting July 12, 2026. This collaboration is a key step in repositioning Bath & Body Works from a specialty retailer into a global brand, expanding its reach to new consumers. The assortment will feature iconic scents, 3-wick candles, and exclusive items like the return of Juniper Breeze and a mini fragrance mist set.

Bath & Body Works reported a significant increase in first-quarter net income and diluted EPS, primarily driven by an $88 million pre-tax gain from payment card interchange fee settlements and a $62 million tax benefit from resolving certain tax matters. This occurred despite a 3.2% decrease in net sales to $1.378 billion. The company also repurchased $289 million of its 2027 Notes, incurring an $8 million loss on extinguishment of debt, and continues its multi-year Consumer First Formula transformation plan.

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.

Bath & Body Works, Inc. announced the declaration of its regular quarterly dividend. Shareholders will receive $0.20 per share, payable on June 19, 2026, to those on record at the close of business on June 5, 2026.

Bath & Body Works announced the launch of its first Star Wars-inspired collaboration, a limited-edition Star Wars: The Mandalorian and Grogu collection. The collection will be available to rewards members on May 4 and to all customers on May 11 in the US and Canada, with an international rollout to over 40 markets by year-end. It introduces three original fragrances—Force Flow, Bounty Hunter, and Ice Planet—across body care, home fragrance, candles, and collectible accessories, designed to capture the essence of the Star Wars universe.

Bath & Body Works, Inc. announced the appointment of Veronique Gabai-Pinsky as its first-ever chief brand & product officer, effective May 18, 2026. In this critical new role, Gabai-Pinsky will lead the company's brand and product organization, aiming to elevate the consumer proposition, advance fragrance leadership, accelerate innovation, and reignite the brand. She brings three decades of experience from the beauty, fragrance, fashion, and luxury sectors, including leadership positions at The Estée Lauder Companies and Vera Wang Group, and has been advising Bath & Body Works since November 2025.