BBWI Stock Recent News

Bath & Body Works (BBWI) reports third-quarter fiscal 2023 results, wherein adjusted earnings increased by 20% year-over-year, backed by solid margin improvement and benefits of cost optimization efforts.

Bath & Body Works, Inc. (NYSE:BBWI ) Q3 2023 Earnings Conference Call November 16, 2023 9:00 AM ET Company Participants Gina Boswell - CEO Eva Boratto - CFO Julie Rosen - President, Retail Heather Hollander - VP, IR Conference Call Participants Simeon Siegel - BMO Capital Markets Alex Straton - Morgan Stanley Paul Lejuez - Citi Kate McShane - Goldman Sachs Matthew Boss - J.P. Morgan Gabby Carbone - Deutsche Bank Lorraine Hutchinson - Bank of America Adrienne Yih - Barclays Mark Altschwager - Robert W.

Bath & Body Works on Thursday lowered its annual sales forecast on signs of slowing demand ahead of the crucial holiday season, as customers cut back spending on non-essential items.

Bath & Body Works Inc (NASDAQ:BBWI) shares eased back in early Thursday trade after the specialist retailer posted better-than-expected third-quarter earnings but revised its full-year sales guidance lower. The Ohio-based company reported a 2.6% fall in sales to $1.56 billion for the three months ended October 28, 2023, in line with analysts expectations.

The soap-and-fragrance retailer issued disappointing fourth-quarter guidance.

Shares of Bath & Body Works Inc. BBWI, +3.16% gained 0.6% in premarket trading Thursday, after the home fragrance and personal care company beat fiscal third-quarter earnings expectations, but provided a mixed full-year outlook, amid margin improvement and benefits of cost cuts. Net income for the quarter to Oct. 28 rose to $119 million, or 52 cents a share, from $91 million, or 40 cents a share, in the year-ago period.

COLUMBUS, Ohio, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today that it plans to report its third quarter 2023 financial results before market open on Thu., Nov. 16, 2023. In conjunction with this release, the company will host a conference call at 9:00 a.m. EST where Gina Boswell, chief executive officer, Eva Boratto, chief financial officer, and Julie Rosen, president, retail, will provide a business update and discuss the company's results. Supplemental materials will be posted approximately 45 minutes prior to the start of the conference call on the events and presentations page in the investors section of the company's website at bbwinc.com.

BBWI stock has declined from around $43 to $33 YTD, compared to the S&P index which saw an 11% growth during this period.

Buy rating recommended for Bath & Body Works due to management's execution abilities, innovation in new categories, and success in the loyalty program. BBWI saw a drop in revenue in 2Q24 but gained market share and exhibited growth in all product categories compared to 2019 figures. Management's ability to expand into new categories, such as men's products, and maintain focus on core competencies is a strategic advantage.

Bath & Body Works Inc. BBWI, +0.72% said Monday that it is looking to hire 30,000 seasonal sales associates for the holidays, with applications going live on Aug. 29. the home fragrance and personal care products company said sales associates will have until Oct. 29 to apply for the seasonal positions.