SC 13G/A: Bath & Body Works, Inc.

AI Summary

SC 13G/A filing by Bath & Body Works, Inc..

Risk Assessment

Risk Level: low

FAQ

Key Financial Figures

• $0.50 — me of Issuer) Common Stock, par value $0.50 per share (Title of Class of Securitie

Filing Documents

• p24-1013sc13ga.htm (SC 13G/A) — 108KB
• 0000902664-24-001967.txt ( ) — 110KB

(a)

Item 1(a). NAME OF ISSUER. The name of the issuer is Bath & Body Works, Inc. (formerly known as L Brands, Inc.) (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at Three Limited Parkway, Columbus, Ohio 43230.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by: (i) Lone Pine Capital LLC, a Delaware limited liability company (" Lone Pine Capital "), which serves as investment manager to Lone Spruce, L.P., a Delaware limited partnership (" Lone Spruce "), Lone Cascade, L.P., a Delaware limited partnership (" Lone Cascade "), Lone Sierra, L.P., a Delaware limited partnership (" Lone Sierra "), Lone Cypress, Ltd., a Cayman Islands exempted company (" Lone Cypress "), and Lone Monterey Master Fund, Ltd., a Cayman Islands exempted company (" Lone Monterey Master Fund ", and together with Lone Spruce, Lone Cascade, Lone Sierra and Lone Cypress, the " Lone Pine Funds "), with respect to the shares of Common Stock directly held by each of the Lone Pine Funds. Lone Pine Capital has the authority to dispose of and vote the shares of Common Stock directly held by the Lone Pine Funds; (ii) David F. Craver (" Mr. Craver "), Brian F. Doherty (" Mr. Doherty "), Kelly A. Granat (" Ms. Granat "), and Kerry A. Tyler (" Ms. Tyler "), each an Executive Committee Member of Lone Pine Managing Member LLC, which is the Managing Member of Lone Pine Capital, with respect to the shares of Common Stock directly held by each of the Lone Pine Funds; and (iii) Stephen F. Mandel, Jr. (" Mr. Mandel "), the Managing Member of Lone Pine Managing Member LLC, which is the Managing Member of Lone Pine Capital, with respect to the shares of Common Stock directly held by each of the Lone Pine Funds. The foregoing persons are hereinafter sometimes collectively referred to as the " Reporting Persons ." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. None of the Reporting Persons directly own any shares of Common Stock. The filing of this statement s

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is Two Greenwich Plaza, Suite 220, Greenwich, Connecticut 06830. CUSIP No. 070830104 13G/A Page 9 of 12 Pages

(c)

Item 2(c). CITIZENSHIP: Lone Pine Capital is a limited liability company organized under the laws of the State of Delaware. Mr. Craver, Mr. Doherty, Ms. Granat, Mr. Mandel and Ms. Tyler are United States citizens.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Common stock, par value $0.50 per share, (the " Common Stock ").

(e)

Item 2(e). CUSIP NUMBER: 070830104 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:_____________________________________ CUSIP No. 070830104 13G/A Page 10 of 12 Pages Item 4. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. The percentages set forth as of the date of the Schedule 13G/A and as of December 31, 2023, are calculated based upon 225,940,592 shares of Common Stock outstanding as of November 24, 2023, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended October 28, 2023, filed with the Securities and Exchange Commission on December 1, 2023. Item 5.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: February 22, 2024 /s/ David F. Craver David F. Craver, individually and as an Executive Committee Member of Lone Pine Managing Member LLC, as Managing Member of Lone Pine Capital LLC /s/ Brian F. Doherty Brian F. Doherty, individually and as an Executive Committee Member of Lone Pine Managing Member LLC, as Managing Member of Lone Pine Capital LLC /s/ Kelly A. Granat Kelly A. Granat, individually and as an Executive Committee Member of Lone Pine Managing Member LLC, as Managing Member of Lone Pine Capital LLC /s/ Stephen F. Mandel, Jr. Stephen F. Mandel, Jr., individually and as Managing Member of Lone Pine Managing Member LLC, as Managing Member of Lone Pine Capital LLC /s/ Kerry A. Tyler Kerry A. Tyler, individually and as an Executive Committee Member of Lone Pine Managing Member LLC, as Managing Member of Lone Pine Capital LLC

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