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) generates a steady flow of news centered on its personal care and home fragrance business, its strategic plans and its capital markets activity. Company press releases highlight product launches, major promotional events, leadership updates, hiring initiatives and quarterly financial results, giving investors and followers insight into how the brand is evolving.
Recent news has showcased fragrance innovation, such as refreshed rose-focused collections including Nocturnal Rose, Covered in Roses, Rose, "Inspire Love" Rose & Vanilla and Heirloom Rose, offered in formats like fine fragrance mists, body creams, lotions, eau de parfum, candles and body washes. Other updates cover large-scale retail events like the Annual Candle Day promotion, featuring exclusive new scents, limited-edition 3‑wick candles and fan-favorite throwbacks, which the company describes as one of its biggest shopping events of the year.
Bath & Body Works also issues news on its strategic transformation and financial performance, including quarterly net sales, earnings per diluted share and updates to full-year guidance. These releases outline the Consumer First Formula priorities—product, brand, marketplace and efficiency—and describe how the company is investing in digital experiences, assortment and operations. Additional announcements include participation in investor conferences, regular dividend declarations and large seasonal hiring plans to support its store and distribution center network during peak periods.
This BBWI news page aggregates such company-issued updates, allowing readers to follow developments in product strategy, promotional events, financial results and corporate initiatives in one place.
Bath & Body Works Appoints New Board Member
Bath & Body Works, Inc. (NYSE: BBWI) has appointed Steve Voskuil, a seasoned finance executive with over 30 years of experience, to its Board of Directors. Currently serving as CFO at The Hershey Company, Voskuil brings expertise in global consumer products and financial operations. Board Chair Sarah Nash expressed confidence in Voskuil’s ability to enhance long-term value creation. Voskuil's appointment follows Lucy Brady's, increasing the Board to 12 members, with 11 being independent. This leadership addition aims to strengthen the company's strategic initiatives and shareholder value.
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Bath & Body Works (NYSE: BBWI) announced plans to report its fourth quarter and fiscal 2022 financial results on February 23, 2023, before market open. A conference call will take place at 8:30 a.m. EST, featuring key executives who will discuss the results and provide an outlook for 2023. Supplemental materials will be available 45 minutes prior to the call. Investors can participate by dialing specified numbers and using a conference ID.
The company operates over 1,785 U.S. locations and aims to deliver quality products at affordable prices through an efficient supply chain.
Bath & Body Works (NYSE: BBWI) announced the appointment of Lucy Brady to its Board of Directors, enhancing its leadership with her over 25 years of experience in consumer products and digital transformation. Previously the President of Grocery & Snacks at Conagra Brands, Brady has also held significant roles at McDonald's, focusing on digital customer engagement. Board Chair Sarah Nash emphasized that Brady’s expertise aligns with the company's goal to boost shareholder value and deepen customer relationships. The Board now consists of 11 directors, 10 of whom are independent, including a diverse mix of backgrounds.
Bath & Body Works, Inc. (NYSE: BBWI) has declared a quarterly dividend of $0.20 per share, set to be paid on March 3, 2023. Shareholders must be on record by the close of business on February 17, 2023 to qualify for this dividend. The company, a leader in personal care and home fragrance, operates over 1,785 locations in the U.S. and Canada, alongside more than 390 international franchises. Notably, Bath & Body Works dominates in various product categories, including fine fragrance mist and candles, and benefits from a predominantly U.S.-based supply chain, ensuring quality and affordability.
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Bath & Body Works (NYSE: BBWI) has appointed Heather Hollander as the new Vice President of Investor Relations, effective immediately. Hollander brings extensive experience from her previous roles at Nordstrom and Lowe's, focusing on investor relations and financial leadership. She will report to Wendy Arlin, Chief Financial Officer. Arlin praised her knowledge in the capital markets and strong relationships within the investment community, crucial for navigating the current operating environment and enhancing shareholder value.
Bath & Body Works has announced its Annual Body Care Day, taking place on December 9 and 10, 2022. This year, all body care products will be priced at $4.95, a significant 77% discount from retail values ranging between $7.50 and $21.50. Customers can choose from over 500 products and enjoy the launch of five new fragrances. The event also introduces early access for loyalty program members. This sale marks a return to the lowest pricing seen during the inaugural event in 2019, aimed at helping consumers complete their holiday shopping affordably.
Bath & Body Works has partnered with Instacart to enhance holiday shopping convenience for customers. This collaboration allows customers to order Bath & Body Works products for delivery in as little as one hour, making it ideal for last-minute gifting. In 2021, the brand accounted for 48% of body care and home fragrance gifts in the U.S., showcasing its popularity. The range includes affordable gifts, from $5 to $60, catering to various budgets. Bath & Body Works aims to make holiday gifting easier, according to President Julie Rosen.
Bath & Body Works (BBWI) announced its third quarter 2022 results, reporting net sales of $1.60 billion, down 5% year-over-year but up 46% since Q3 2019. EPS for the quarter was $0.40, exceeding guidance of $0.10 to $0.20. Operating income fell to $201.8 million, and net income decreased to $91.0 million compared to $177.1 million last year. The company raised its fiscal 2022 EPS forecast to between $3.00 and $3.20. Looking forward, BBWI aims to enhance customer engagement through new offerings, as it prepares for the leadership transition to Gina Boswell as CEO in December.