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Bath & Body Works, Inc. - BBWI STOCK NEWS

Welcome to our dedicated page for Bath & Body Works news (Ticker: BBWI), a resource for investors and traders seeking the latest updates and insights on Bath & Body Works stock.

Bath & Body Works, Inc. (NYSE: BBWI) is a premier retailer specializing in home fragrances and personal care products. Established as an independent company following the 2021 separation from Victoria’s Secret, Bath & Body Works operates under the Bath & Body Works, C.O. Bigelow, and White Barn brands. The company boasts over 1,800 retail stores primarily in North America, complemented by a burgeoning international presence and a robust e-commerce platform.

Bath & Body Works has carved a niche in delivering quality, on-trend luxuries at affordable prices. Its product portfolio includes fine fragrance mists, body lotions, body creams, 3-wick candles, home fragrance diffusers, and liquid hand soaps. Recently, the company has expanded its offerings with innovative seasonal collections and exclusive partnerships, such as its recent collaboration with top athletes to promote a new line of men’s grooming products.

In fiscal 2023, Bath & Body Works reported net sales of $7.429 billion, reflecting a 1.7% decrease from the previous year. Despite this, the company demonstrated resilience with adjusted earnings per diluted share of $3.27. The company’s strategic initiatives, including cost optimization and digital channel expansion, have bolstered its financial performance and positioned it for sustained growth.

Recent achievements include exceeding third-quarter and fourth-quarter earnings expectations, launching new fall fragrances, and initiating a $500 million share repurchase program. The company is also actively hiring seasonal associates to meet the increased demand during the holiday season. Bath & Body Works remains committed to enhancing customer experience through an omnichannel approach and ongoing innovation in product development.

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Bath & Body Works (NYSE: BBWI) has announced a multi-year collaboration with Accenture (NYSE: ACN) to modernize and transform its digital and technology platforms. This initiative aims to elevate the brand, utilizing the latest in digital, MarTech, AI, and generative AI to drive growth. The collaboration will introduce innovative capabilities like a digital Fragrance Finder, powered by gen AI, to personalize customer experiences. Accenture’s research suggests that companies leveraging gen AI for customer initiatives can achieve 25% higher revenue growth over five years. The partnership focuses on enhancing customer experiences, operational efficiency, and brand engagement.

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Bath & Body Works (BBWI) reported its first quarter 2024 results with net sales of $1.384 billion, slightly down 0.9% from $1.396 billion in the previous year. Despite this, diluted earnings per share (EPS) rose to $0.38 from $0.35, a 9% GAAP increase and 15% on an adjusted basis. Operating income was $187 million, up from $181 million, and net income increased to $87 million from $81 million. The company raised its full-year guidance midpoint for both sales and EPS, now expecting annual EPS between $3.05 and $3.35. However, net sales for fiscal 2024 are forecasted to range from a decline of 2.5% to flat. Second-quarter sales are expected to decline by up to 2%, with EPS projected between $0.31 and $0.36. The guidance includes $300 million for share repurchases for the full year and $75 million for the second quarter.

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Bath & Body Works (NYSE: BBWI) announced that CFO Eva Boratto will participate in a fireside chat at the Evercore ISI Consumer & Retail Conference on June 11, 2024, at 11:00 a.m. EDT. A live audio webcast of the event will be accessible through the company's website and will remain archived for 90 days.

Bath & Body Works is a leading global retailer in personal care and home fragrance products, known for its fine fragrance mist, body lotion, 3-wick candles, and more. With a predominantly U.S.-based supply chain, the company operates 1,850 stores in the U.S. and Canada and more than 480 international franchise locations.

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Bath & Body Works (NYSE: BBWI) will release its first-quarter 2024 financial results on June 4, 2024, before the market opens.

CEO Gina Boswell, CFO Eva Boratto, and President of Retail Julie Rosen will host a conference call at 9:00 a.m. EDT the same day to discuss the results.

Supplemental materials will be available on the company’s website 45 minutes before the call. The webcast will be archived for 90 days. Bath & Body Works operates 1,850 locations in the U.S. and Canada, with over 480 international franchises, and has a strong online presence.

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Bath & Body Works (NYSE: BBWI) announced today, May 17, 2024, the declaration of its regular quarterly dividend of $0.20 per share. This dividend will be payable on June 21, 2024, to shareholders on record as of June 7, 2024.

Bath & Body Works is renowned for its fragrance products and operates 1,850 locations in the U.S. and Canada, alongside 480 international franchises. The company leverages a predominantly U.S.-based supply chain to offer quality, trend-savvy products at affordable prices. Their offerings include fine fragrance mists, body lotions, 3-wick candles, diffusers, and liquid hand soaps. Customers can shop in-store or online at bathandbodyworks.com.

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Bath & Body Works, Inc. (BBWI) CFO, Eva Boratto, to participate in Bank of America Consumer & Retail Conference. Live webcast available on company's website.
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Bath & Body Works, Inc. (BBWI) surpasses net sales and earnings expectations in Q4 and full-year 2023. The company reported a net sales increase of 0.8% in Q4 and a decrease of 1.7% in full-year 2023. The Board of Directors authorizes a new $500 million share repurchase program. The company forecasts a decline in net sales for fiscal 2024, with earnings per diluted share expected to range between $3.00 and $3.35.
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Bath & Body Works, Inc. (BBWI) will release its Q4 and fiscal 2023 financial results on February 29, 2024. The company will hold a conference call with top executives discussing the results and outlook for 2024. Investors can access supplemental materials on the company's website and participate in the call for insights.
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Bath & Body Works, Inc. (BBWI) declares a regular quarterly dividend of $0.20 per share, payable on Mar. 8, 2024, to shareholders of record on Feb. 23, 2024.
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Bath & Body Works, Inc. (NYSE: BBWI) CEO and CFO to participate in fireside chat at Morgan Stanley Global Consumer & Retail Conference on Dec. 6, 2023.
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FAQ

What does Bath & Body Works specialize in?

Bath & Body Works specializes in home fragrances and personal care products, including fine fragrance mists, body lotions, body creams, 3-wick candles, home fragrance diffusers, and liquid hand soaps.

When did Bath & Body Works become an independent company?

Bath & Body Works became an independent company on August 2, 2021, following a separation from Victoria’s Secret.

How many retail stores does Bath & Body Works operate?

Bath & Body Works operates over 1,800 retail stores primarily in North America, with an expanding international presence.

What were Bath & Body Works' net sales in fiscal 2023?

In fiscal 2023, Bath & Body Works reported net sales of $7.429 billion.

What recent achievements has Bath & Body Works accomplished?

Recent achievements include exceeding third and fourth-quarter earnings expectations, launching new fall fragrances, and initiating a $500 million share repurchase program.

What initiatives has Bath & Body Works taken for the holiday season?

Bath & Body Works is hiring seasonal associates and hosting National Hiring Events to meet increased demand during the holiday season.

What strategic goals is Bath & Body Works focusing on?

Bath & Body Works is focusing on enhancing customer experience through an omnichannel approach, cost optimization, digital expansion, and ongoing product innovation.

How is Bath & Body Works engaging with male customers?

Bath & Body Works is expanding its men’s grooming products and partnering with top athletes to promote its offerings.

What is Bath & Body Works' approach to product development?

Bath & Body Works emphasizes innovation, seasonal collections, and leveraging its predominantly U.S.-based supply chain to deliver quality products at affordable prices.

Where can I find more information about Bath & Body Works?

For more information, visit Bath & Body Works' official website at bathandbodyworks.com.

Bath & Body Works, Inc.

NYSE:BBWI

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8.39B
223.23M
0.29%
98.22%
3.25%
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