Bath & Body Works has announced its full-year 2021 results that show net sales increased 22% to $7.882 billion, as compared to $6.434 billion in the previous year.
Gross profit was $3.855 billion, as compared to $3.095 billion in the previous year.
Operating income was $2.009 billion, as compared to $1.604 billion in the previous year.
Net income was $1.075 billion, as compared to $864.7 million in the previous year.
Q4
Net sales increased 11% to $3.027 billion, as compared to $2.718 billion in the previous year.
Gross profit was $1.446 billion, as compared to $1.406 billion in the previous year.
Operating income was $879.2 million, as compared to $869.2 million in the previous year.
Net income was $592.6 million, as compared to $556.9 million in the previous year.
Andrew Meslow, CEO of Bath & Body Works, said, “This past year was historic for Bath & Body Works, as we made incredible progress building on our already strong foundation, ensuring our business will remain healthy and relevant well into the future. We are very pleased to have delivered record sales and earnings results for both the fourth quarter and full-year 2021, particularly given the continued dynamic operating environment. Our confidence in the business and our positive momentum is reflected in the Board’s recent authorization of a new $1.5 billion share repurchase program and 33% increase to our annual dividend.”
Meslow continued, “Looking forward, we remain focused on leveraging our strong brand position and our vertically integrated supply chain, continuing to execute with excellence, investing in capabilities and maximizing shareholder value. We have confidence in our opportunities for long-term growth as we continue to focus on maintaining close connections to our customers and delivering compelling products and experiences at a great value.”
