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Bath & Body is a dominant player in the fragrance industry, with a strong market share. The company has a successful loyalty program with a large number of members compared to the programs of great companies like Ulta or Sephora. After far exceeding the Q1 2024 guidance, I think the chances of exceeding Full-Year expectations are high.
Bath and Body Works Inc. saw sales decline in its latest quarter, but the company is betting on men's products as it looks to return to growth.
Bath & Body Works beat on the top and bottom lines today. Management even raised guidance for the year -- but still warned that profits will fall year over year.
Pre-market trading is back in the red this morning. We have two economic prints out this morning — Job Openings and Labor Turnover Survey (JOLTS) and Factory Orders, both for April and due at 10am ET today — and key earnings reports, most of which are coming after today's closing bell.
Bath & Body Works Inc (NYSE:BBWI) shares plummeted more than 13% after the beauty, skincare and lifestyle company issued disappointing full year guidance. It expects its net sales to decline up to 2.5% from $7.43 billion in fiscal 2023.
Bath & Body Works Inc (NYSE:BBWI) posted better-than-expected first-quarter earnings results before the open this morning.
The headline numbers for Bath & Body Works (BBWI) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Shares of retailer Bath & Body Works (BBWI) slid in premarket trading Tuesday despite a first-quarter earnings report that surpassed analyst expectations and the company's own guidance.
The company reported first-quarter adjusted earnings of 38 cents a share on revenue of $1.38 billion—better than Wall Street's expectations of 33 cents on $1.37 billion.
Bath & Body Works forecast full-year profit largely below market estimates on Tuesday and said it expects annual sales to drop, signaling demand for its scented candles and body care products would remain subdued amid sticky inflation.