By Nicholas G. Miller

Bath & Body Works reported lower third-quarter profit and slashed its full-year guidance, citing continued pressure on the consumer, and said it would begin a new strategic transformation to refocus on its core categories.

Shares were down 14% to $18.20 in premarket trading.

The personal-care retailer on Thursday reported net income of $77 million for the quarter, or 37 cents a share, down from $106 million, or 49 cents a share, the year prior.

Adjusted earnings were 35 cents a share. Wall Street expected 39 cents a share, according to FactSet.

Net sales fell 1% to $1.59 billion. Analysts expected $1.63 billion.

Bath & Body Works slashed its full-year net sales guidance to be down in the low single digits relative to the prior year, compared with its previous guidance of up 1.5% to 2.7%.

The company also cut its full-year adjusted-earnings guidance to at least $2.87 a share, down from its previous outlook of $3.35 to $3.60 a share. Analysts see full-year adjusted earnings of $3.41 a share.

The Columbus, Ohio-based company said it was seeing continued macroeconomic pressure on the consumer and said it would begin a new strategic transformation plan that includes a focus on its core categories of body care, home fragrance, soaps and sanitizers.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

November 20, 2025 07:22 ET (12:22 GMT)

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