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.
Bath & Body Works stock (NYSE: BBWI), the largest specialty home fragrance & body care product retailer in the U.S., formerly known as L Brands, is scheduled to report its fiscal first-quarter results on Tuesday, June 4. We expect BBWI stock to likely trade lower with revenues and earnings missing expectations in its first-quarter results.
Get a deeper insight into the potential performance of Bath & Body Works (BBWI) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.