Bath & Body Works, Inc. Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
| (in millions) | |||||||||||||||||
| Common Shares | 223 | 235 | 243 | ||||||||||||||
| Treasury Shares | (15) | (15) | (15) | ||||||||||||||
| Basic Shares | 208 | 220 | 228 | ||||||||||||||
| Effect of Dilutive Awards | 1 | 1 | 1 | ||||||||||||||
| Diluted Shares | 209 | 221 | 229 | ||||||||||||||
| Anti-dilutive Awards (a) | — | 1 | — | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 12, 2026 | Showing above |
| 2025 | Mar 14, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.