2025-05-19-Jefferies-浴与身体护理公司（BBWI）_初步评估第一季度销售额符合预期且每股收益超预期；重申25财年指引并宣布新任首席执行官_7页_104kb

Ini�al Q1 Performance: Sales increased by 3% year-over-year, meeting consensus estimates, while Adjusted EPS beat expectations at $0.49 vs. $0.42, despite a flat guidance range for FY2025 sales (+1% to +3%) and EPS ($3.25-$3.60).

New CEO Appointment: Daniel Heaf, former Chief Strategy & Transformation Officer at Nike, was appointed CEO effective immediately, emphasizing a consumer-first strategy and digital focus, following Gina Boswell's medical leave.

Guidance and Risks: The FY2025 outlook includes a 10% China tariff impact; risks cited include macroeconomic conditions, retail traffic issues, input cost fluctuations, and heightened competition.

Analyst Rating and Price Target: Maintained as Hold with a price target of $39.00 (+16% from current $33.76), reflecting a cautious outlook based on consistent performance revisits.