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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) 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.
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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