ValueQ4, 24TTMSelling/general/admin expenses646 M2.06 BResearch & development——Operating income599 M1.13 BNon-Operating Income, Total8 M32 MInterest expense, net of interest capitalized69 M276 MNon-Operating Income, excl. Interest Expenses-69 M-276 MUnusual income/expense8 M32 MPretax income538 M882 MEquity in earnings——Taxes135 M233 MNon-controlling/minority interest——After tax other income/expense——Net income before discontinued operations403 M649 MDiscontinued operations——Net income403 M649 MDilution adjustment——Preferred dividends——Diluted net income available to common stockholders403 M649 MBasic earnings per share (Basic EPS)1.943.12Diluted earnings per share (Diluted EPS)1.953.11Average basic shares outstanding208 M837 MDiluted shares outstanding209 M841 MEBITDA662 M1.38 BEBIT599 M1.13 BCost of revenue1.48 B4.1 BOther cost of goods sold——Depreciation & amortization (cash flow)63 M254 M
Bath & Body Works Inc
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
In February 2020, L Brands announced the planned sale of its Victoria's Secret division to Sycamore Partners, a private equity firm. Under the agreement, Sycamore Partners would gain a 55% controlling stake in Victoria's Secret while L Brands would keep a 45% stake, leaving Bath & Body Works to become L Brand's sole business. The sale fell through in May 2020, although CEO Les Wexner did step down as planned, and was succeeded by Andrew Meslow. Daniel Heaf was appointed the new CEO effective May 19, 2025, replacing Gina Boswell who stepped down in May 2025.
In March 2021, L Brands announced it would spin off Victoria's Secret as a stand-alone publicly traded company, and then change its name to Bath & Body Works, Inc. As of August 3, 2021, the separation was complete, and Bath and Body Works stock started trading under the ticker symbol "BBWI".