Economic Downturn Risk: Consumers may reduce discretionary spending on non-essential items like fragrances and body care during periods of economic uncertainty, inflation, or recession, directly impacting sales volumes.

Intense Competition Risk: BBWI operates in a highly competitive market against various beauty, personal care, and home fragrance brands from mass merchants to luxury retailers, potentially leading to pricing pressure and market share erosion.

Supply Chain Disruption Risk: Global events, geopolitical issues, labor shortages, or transportation challenges could disrupt the sourcing of raw materials, manufacturing processes, or distribution of products, leading to stockouts or increased operational costs.