Bath & Body Works, Inc. · NYSE:BBWI
Bath & Body Works — Q3 2023 Earnings Presentation
11 slides from Bath & Body Works's earnings presentation, Nov 16, 2023
Slide 1: Third Quarter Earnings Supplemental Material
Third Quarter Earnings Supplemental Material November 16, 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this presentation or made by our company or our ma
Slide 3: Forward-Looking Statements
Forward-Looking Statements • our geographic concentration of vendor and distribution facilities in central Ohio; • our ability to maintain the security of customer, associate, third-party and company • our reliance on a limited number of suppliers to support a substantial portion of our information;
Slide 4: Third Quarter 2023
Third Quarter 2023 Metric Actuals Outlook1 Sales Decline of 2.6% Decline of 2.5% to 4.0% Gross Profit Rate 43.6% Approximately 42% SG&A Expense Rate 29.5% Approximately 31% Net Non-Operating Expense $62 million Approximately $75 million Adjusted Net Non-Operating Expense $74 million N/A Tax Rate (be
Slide 5: 2023 Outlook as of November 16, 2023
2023 Outlook as of November 16, 2023 Metric Fourth Quarter 2023 Full-Year 2023 Sales Decline of 1% to 5% Decline of 2.5% to 4% Gross Profit Rate Approximately 44% Approximately 43% SG&A Expense Rate Approximately 22% Approximately 26% Net Non-Operating Expense Approximately $75 million Approximately
Slide 6: Adjusted Financial Information
Adjusted Financial Information $ in millions, except per share amounts 6
Slide 7: Adjusted Forecasted Financial Information
Adjusted Forecasted Financial Information $ in millions, except per share amounts 7
Slide 8: 2023 v 2022 General, Administrative and Store Operating Expenses Summary
2023 v 2022 General, Administrative and Store Operating Expenses Summary $ in millions 8
Slide 9: Company-Operated Store Count and Selling Square Feet
Company-Operated Store Count and Selling Square Feet 9
Slide 10: Company-Operated Store Count and Selling Square Feet – 2023 Forecast
Company-Operated Store Count and Selling Square Feet – 2023 Forecast 1
Slide 11: International Store Count – 2023 Forecast
International Store Count – 2023 Forecast 11