Bath & Body Works Inc
- Bath & Body Works Inc. dropped 3.4% to $39.68 after the specialty retailer reported lower profit for the fourth quarter of fiscal 2024 ending in December.
Net sales decreased to $2.79 billion from $2.91 billion, net income declined to $453 million from $579 million, and earnings per diluted share fell to $2.09 from $2.55 a year ago.
The company guided for the first quarter of 2025 sales growth between 1% and 3%, compared to sales of $1.38 billion a year ago, and earnings per diluted share between 36 cents and 43 cents, compared to 38 cents in the first quarter of 2024.
The guidance reflects the impact of recently enacted tariffs on goods imported from China and excludes potential impacts from other possible tariff changes.
Bath & Body Works gave authorization to repurchase up to $500 million of the company’s shares, which replaced the $120 million remaining authority under the January 2024 program.
Feb 27, 2025 - Bath & Body Works jumped 14.5% to $34.65 after the specialty retailer reported better-than-expected results in the third quarter.
Revenue in the fiscal third quarter, with 13 weeks ending on November 2, increased 3% to $1.61 billion from $1.56 billion, net income declined to $106 million from $119 million, and diluted earnings per share dropped to 49 cents from 52 cents a year ago.
The company estimated the fourth quarter 2024 net sales to decline between 4.5% and 6.5% from $2.91 billion a year ago, largely because of a shift in calendar.
Fourth quarter net sales are likely to be negatively impacted by 500 basis points because of the extra one week in the quarter a year ago.
Fourth quarter earnings per diluted share are expected to be between $1.94 and $2.07, compared to $2.55 in the fourth quarter 2023 and adjusted earnings per diluted share of $2.06 in the fourth quarter 2023.
Nov 25, 2024 - Bath & Body Works, Inc said revenue in the fourth quarter decreased 5% to $2.9 billion from $3.05 billion and net income declined to $434 million from $594 million and diluted earnings per share fell to $1.89 from $2.28 in the previous year.
In 2022, revenue declined to $7.6 billion from $7.9 billion and net income dropped to $800 million from $1.3 billion and diluted earnings per share fell to $3.43 from $4.88 a year ago.
Feb 23, 2023
| Year | Q1 | Q2 | Q3 | Q4 | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 1.87 | 0.35 | 0.43 | 0.52 | - | |
| 2022 | 2.28 | 0.64 | 0.52 | 0.40 | 3.43 | |
| 2021 | 3.03 | 0.97 | 1.34 | 0.33 | 4.88 | |
| 2020 | - | - | - | - | 3 | |
| 2019 | - | - | - | - | -1.32 | |
| 2018 | - | - | - | - | 2.31 |