Bath & Body Works, Inc. (BBWI) Management on Q1 2022 Results - Earnings Call Transcript

Bath & Body Works, Inc. (NYSE:BBWI) Q1 2022 Results Conference Call May 19, 2022 9:00 AM ET

Company Participants

Wendy Arlin - CFO

Sarah Nash - Executive Chair of the Board and Interim CEO

Julie Rosen - Brand President

Conference Call Participants

Ike Boruchow - Wells Fargo

Alex Straton - Morgan Stanley

Lorraine Hutchinson - Bank of America

Grace Menk - Jefferies

Simeon Siegel - BMO Capital Markets

Jonna Kim - Cowen

Matthew Boss - JPMorgan

Janet Kloppenburg - JJK Research Associates

Operator

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

I would now like to turn the call over to Ms. Wendy Arlin, Chief Financial Officer at Bath & Body Works. Wendy, you may begin.

Wendy Arlin

Thank you. Good morning, and welcome to Bath & Body Works first quarter earnings conference call for the period ended April 30, 2022. As a matter of formality, I need to remind you that any forward-looking statements we may make today are subject to our Safe Harbor statement found in our SEC filings and in our press releases.

Joining me on the call today are Executive Chair of the Board and Interim CEO, Sarah Nash; and Brand President, Julie Rosen. All results we discuss on the call today are adjusted results and exclude the significant items as described in our press release. All results we discuss today represent the continuing operations of the Bath & Body Works business as the spun off Victoria's Secret business has been classified as discontinued operations.

I'll now turn the call over to Sarah.

Sarah Nash

Thanks, Wendy, and thank you, everyone, for joining the call today. I am delighted to be here speaking with all of you and serving as the Company's Interim CEO. Bath & Body Works is an incredible company with a customer-first focus, along with strong product innovation and development capabilities that include a mostly North American and highly agile supply chain.

Our business is very strong. Our execution is excellent, and our strategy of delivering affordable luxuries to our customers is more relevant than ever. We have built on the past two years of extraordinary growth with strong momentum as we entered fiscal 2022. We are pleased to have delivered better-than-expected sales and earnings results in the quarter.