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.
Bath & Body Works (NYSE: BBWI) has announced that CEO Gina Boswell and CFO Eva Boratto will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 4, 2024, at 8:00 a.m. EST. The event will be accessible via live audio webcast through the company's investor relations website and will remain available for 90 days afterward.
Bath & Body Works is a global leader in personal care and home fragrance, operating more than 1,880 company-owned locations in the U.S. and Canada, plus over 500 international franchised locations. The company specializes in fine fragrance mist, body care products, candles, home fragrances, and liquid hand soap, supported by a predominantly U.S.-based supply chain.
Bath & Body Works (BBWI) reported strong Q3 2024 results with net sales of $1.61 billion, up 3% year-over-year, and earnings per diluted share of $0.49. Operating income was $218 million, while net income reached $106 million. The company has raised its full-year 2024 guidance, now expecting net sales to decline between 2.5% and 1.7% compared to fiscal 2023. For Q4 2024, the company projects net sales to decline 6.5% to 4.5%, with earnings per diluted share expected between $1.94 and $2.07.
Bath & Body Works (NYSE: BBWI) has announced it will release its third quarter 2024 financial results before market open on November 25, 2024. The company will host a conference call at 9:00 a.m. EST, featuring CEO Gina Boswell and CFO Eva Boratto. Supplemental materials will be available 45 minutes before the call on the company's website. Bath & Body Works operates over 1,870 company-owned locations in the U.S. and Canada, plus 490 international franchised locations, specializing in personal care and home fragrance products.
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.
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