Bath & Body Works Inc Share News

Bath & Body Works, Inc. (NYSE:BBWI ) Q1 2024 Earnings Conference Call June 4, 2024 9:00 AM ET Company Participants Mike McGuire - Interim Head of Investor Relations Gina Boswell - Chief Executive Officer Julie Rosen - President, Retail Eva Boratto - Chief Financial Officer Conference Call Participants Simeon Siegel - BMO Capital Markets Alex Straton - Morgan Stanley Amanda Douglas - JPMorgan Lo...

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.

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 earnings guidance misses estimates, while GameStop pairs back gains it saw on Monday.

Net Sales of $1.4 Billion Exceeded Guidance Diluted Earnings Per Share of $0.38 Exceeded Guidance, up 9% on a GAAP Basis and 15% on an Adjusted Basis Compared to Prior Year