Bath & Body Works Inc Stock Price, News & Analysis

Bath & Body Works (NYSE: BBWI) has declared its regular quarterly dividend of $0.20 per share, payable on December 6, 2024, to shareholders of record as of November 22, 2024. The company operates as a global leader in personal care and home fragrance, with a predominantly U.S.-based supply chain. Bath & Body Works maintains over 1,870 company-operated locations across the U.S. and Canada, plus 490+ international franchised locations and an online presence at bathandbodyworks.com.

Bath & Body Works (NYSE: BBWI) has announced a new collaboration with Paramount Consumer Products for the Netflix series Emily in Paris. The -edition holiday collection features over 50 products designed to capture the essence of the show through fragrance and fashion.

The collection includes four exclusive fragrances: Champagne in Paris, Paris Amour, Lavender Luxe, and Macaron Cloud. Products range from fine fragrance mists and body care items to candles and home fragrances, priced between $1.95 and $36.95.

This partnership follows Bath & Body Works' successful collaborations with other popular TV series like Bridgerton and Stranger Things. The company aims to engage fans by bringing the show to life through fragrance, leveraging its expertise in personal care and home fragrance products.

The Bath & Body Works x Emily in Paris collection will be available in stores nationwide and online starting November.

Bath & Body Works (NYSE: BBWI) announced that Julie Rosen, President of Retail, is stepping down from her role effective immediately. The company has eliminated the position of President, Retail, and most functions previously reporting to Ms. Rosen will now report directly to CEO Gina Boswell.

This organizational change aims to accelerate decision-making through a flatter structure. Ms. Boswell expressed gratitude for Rosen's contributions since joining in 2020 and stated that the company is well-positioned for the upcoming holiday season. Bath & Body Works remains focused on growth and delivering compelling products and unique brand storytelling to customers.

The company also reaffirmed its third quarter and full year fiscal 2024 guidance as previously provided on August 28, 2024.

Bath & Body Works is set to hire 30,000 new seasonal associates for the upcoming holiday season. This includes positions at over 1,800 stores across the US, Canada, and Puerto Rico, as well as 2,700 distribution center associates in Ohio. The company aims to maintain its focus on delivering a top-notch shopping experience through convenience, service, and quality fragrances at competitive prices.

Seasonal roles include part-time sales associates in retail locations and various full-time positions in distribution centers. Bath & Body Works offers competitive wages, flexible hours, a 40% employee discount, and access to earned wages through Daily Pay. Notably, in 2022 and 2023, over 40% of seasonal sales associates transitioned into permanent roles.

The company will host a national store associate hiring event on September 28, with immediate offers for qualified candidates. Online applications for store positions are open until October 26, while distribution center applications are accepted until December 6.

Bath & Body Works (NYSE: BBWI) announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference on September 4, 2024. CEO Gina Boswell and CFO Eva Boratto will engage in a fireside chat at 8:15 a.m. EDT. The event will be accessible via a live audio webcast on the company's investor relations website.

Bath & Body Works is a global leader in personal care and home fragrance, known for its popular collections of fine fragrance mists, body lotions, candles, and hand soaps. With over 1,870 company-operated locations in the U.S. and Canada, plus 490 international franchised locations, the brand offers both in-store and online shopping experiences. The company's agile, predominantly U.S.-based supply chain enables it to deliver quality products at affordable prices.

Bath & Body Works (NYSE: BBWI) reported Q2 2024 results with net sales of $1.526 billion, down 2.1% year-over-year. The company's earnings per diluted share were $0.68, while adjusted EPS was $0.37, exceeding guidance. BBWI updated its fiscal 2024 guidance, now expecting net sales to decline 2-4% compared to 2023. The company increased its full-year expected share repurchases to $400 million from $300 million. For Q3 2024, BBWI projects net sales to range between flat to a 2.5% increase. Despite a cautious consumer environment, BBWI remains confident in its strategy to deliver long-term growth and enhance shareholder value through its diverse product assortment and high-margin business model.

Bath & Body Works (NYSE: BBWI) has announced it will report its second quarter 2024 financial results on August 28, 2024, before the market opens. The company will host a conference call at 9:00 a.m. EDT, featuring CEO Gina Boswell, CFO Eva Boratto, and President of Retail Julie Rosen, who will provide a business update and discuss results. Supplemental materials will be posted 45 minutes prior to the call on the company's website. Investors can dial in or access an audio webcast, with a replay available. Bath & Body Works is a global leader in personal care and home fragrance, operating over 1,850 stores in the U.S. and Canada, with 480+ international franchised locations.

Bath & Body Works (NYSE: BBWI) has declared its regular quarterly dividend of $0.20 per share. The dividend will be payable on September 6, 2024, to shareholders of record at the close of business on August 23, 2024. Bath & Body Works is a global leader in personal care and home fragrance, known for its popular collections of fine fragrance mist, body lotion, 3-wick candles, and liquid hand soap. The company operates more than 1,850 locations in the U.S. and Canada, along with over 480 international franchised locations. Bath & Body Works also maintains an online storefront at bathandbodyworks.com, offering customers multiple shopping options.

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.