Bath & Body Works, Inc. (BBWI) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.958 Good morning. My name is Melissa, and I will be your conference operator today. 00:00:03.958 -- 00:00:07.564 At this time, I'd like to welcome everyone to the Bath and Body Works fourth quarter 00:00:07.564 -- 00:00:12.693 2025 earnings conference call. Please be advised that today's conference is being 00:00:12.693 -- 00:00:14.095 recorded. 00:00:14.095 -- 00:00:18.383 During the question and answer portion, you may ask a question from the phone by pressing 00:00:18.383 -- 00:00:23.652 star 1. I'll now turn the call over to Luke Long, Vice President of Investor 00:00:23.652 -- 00:00:26.997 Relations. Luke, you may begin. 00:00:26.997 -- 00:00:31.564 Good morning, and welcome to Bath & Body Works' fourth quarter 2025 earnings conference 00:00:31.564 -- 00:00:37.093 call. Joining me on the call today are Daniel Heaf, Chief Executive Officer, 00:00:37.093 -- 00:00:40.378 and Eva Barado, Chief Financial Officer. 00:00:40.378 -- 00:00:45.145 In addition to this call and this morning's press release, we've posted a slide presentation 00:00:45.145 -- 00:00:49.912 on our website that summarizes the information in these prepared remarks and provides 00:00:49.912 -- 00:00:54.554 some related facts and figures regarding our operating performance and guidance. 00:00:54.554 -- 00:00:58.839 As a reminder, some of the comments today may include forward-looking statements related 00:00:58.839 -- 00:01:01.723 to future events and expectations. 00:01:01.723 -- 00:01:05.728 For factors that could cause the actual results to differ materially from these forward-looking 00:01:05.728 -- 00:01:12.493 statements, please refer to the risk factors in Bath and Body Works 2024, Form 10-K. 00:01:13.197 -- 00:01:17.141 Today's call also contains certain non-GA...