Bath & Body Works, Inc. (BBWI) Q4 2022 Earnings Call Transcript

Bath & Body Works, Inc. (NYSE:BBWI) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET

Company Participants

Heather Hollander - Vice President, Investor Relations

Gina Boswell - Chief Executive Officer and Director

Wendy Arlin - Chief Financial Officer

Julie Rosen - President

Conference Call Participants

Jay Sole - UBS

Alex Straton - Morgan Stanley

Matthew Boss - JPMorgan

Kate McShane - Goldman Sachs

Kelly Crago - Citigroup

Lorraine Hutchinson - Bank of America

Simeon Siegel - BMO Capital Markets

Operator

Good morning. My name is Danielle and I will be your conference operator today. At this time, I would like to welcome everyone to the Bath & Body Works Fourth Quarter 2022 Earnings Conference Call. Please be advised that today’s conference is being recorded. [Operator Instructions]

I will now turn the call over to Ms. Heather Hollander, Vice President, Investor Relations at Bath & Body Works. Heather, you may begin.

Heather Hollander

Thank you, Danielle. Good morning and welcome to Bath & Body Works fourth quarter and fiscal 2022 earnings conference call. Today’s call may contain forward-looking statements related to future events and expectations. Please refer to this morning's press release and the risk factors in Bath & Body Works 2021 Form 10-K for factors that could cause the actual results to differ materially from these forward-looking statements.

Today’s call may contain certain non-GAAP financial measures. Please refer to this morning's press release for important disclosures regarding such measures, including reconciliation to the most comparable GAAP financial measure.

Joining me on the call today are Gina Boswell, Chief Executive Officer; Julie Rosen, Brand President; and Wendy Arlin, Chief Financial Officer. All of the 2021 results we discuss today are adjusted and exclude the significant items detailed in our press release. Additionally, the results represent results from continuing operations and exclude the discontinued operations related to Victoria’s Secret in 2021.

I will now turn the call over to Gina.

Gina Boswell

Thank you, Heather, and good morning, everyone. Thank you for joining us. First, let me say how thrilled I’m to be here at such a dynamic time. It is an honor to lead Bath & Body Works and more than 55,000 associates worldwide. I look forward to working with this team, our leadership and our Board to capitalize on the tremendous opportunities that I see for the business and for creating long-term shareholder value.