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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 launches its holiday campaign, "Make Joy Happen," featuring over 400 limited-edition products and gifts starting at $5. The Christmas collection includes iconic fragrances like Fresh Balsam and new exclusive scents such as Dream Bright and After Dark. The campaign emphasizes easy gifting options with gift sets priced from $10 to $60 and innovative wellness collections like Aroma. Customers can enjoy weekly sales events and convenient shopping options, including Buy Online Pick Up In Store and same-day delivery via Instacart.
Bath & Body Works has launched a new product line, MOXY, which is available online and in select stores starting this fall. The collection includes face and hair care products free from phthalates and mineral oils, as well as supplements aimed at supporting overall wellness, including relaxation and immunity. This initiative is part of Bath & Body Works' commitment to innovation and customer satisfaction. The company aims to expand its product range and enhance brand potential through new business opportunities.
Bath & Body Works (NYSE: BBWI) announced that Wendy Arlin, executive vice president and CFO, will participate in the Goldman Sachs 29th Annual Global Retailing Conference on Sept. 8, 2022. The fireside chat is scheduled for 11:15 a.m. Eastern. A live audio webcast will be available, accessible through the company’s investor section. The replay will be available for 90 days following the event. Bath & Body Works is known for its leadership in personal care and home fragrance, with over 1,770 locations in the U.S. and Canada.
Bath & Body Works has launched its loyalty program, My Bath & Body Works Rewards, available nationwide. Customers can enroll via the app, in stores, or online, earning points on every purchase ($1 = 10 points). With a $100 spend, members can redeem a free product valued up to $16.50. The program features exclusive perks, like early access to events and a free birthday gift. Recognized as a top loyalty program by the 2022 Loyalty Report, it aims to deepen customer engagement, reflecting insights from an extensive consumer base of over 60 million.
Bath & Body Works (NYSE: BBWI) reported second quarter 2022 results showing net sales of $1.618 billion, a 5% decrease from the previous year but a 45% increase compared to Q2 2019. Earnings per diluted share fell to $0.52 from $0.77 year-over-year, with net income dropping to $120 million. The company aims to improve financial performance through cost-control initiatives and a simplified organizational structure, expecting to save approximately $30 million in H2 2022. For Q3 2022, projected earnings are between $0.10 and $0.20 per diluted share, and $2.70 to $3.00 for the fiscal year.
Bath & Body Works (NYSE: BBWI) will release its second quarter 2022 earnings on Aug. 17, 2022, after market close. Investors are invited to join the live webcast of the earnings conference call scheduled for Aug. 18, 2022, at 9:00 a.m. ET. The event will be accessible via the company’s website or through specific dial-in numbers provided for domestic and international participants. Bath & Body Works is recognized as a leader in personal care and home fragrance products, offering popular collections and maintaining over 1,770 U.S. locations.
Bath & Body Works, Inc. (NYSE: BBWI) declared a quarterly dividend of $0.20 per share, payable on Sept. 2, 2022. Shareholders of record will be noted at the close of business on Aug. 19, 2022. The company, a leader in personal care and home fragrance, operates over 1,770 stores in the U.S. and Canada, alongside more than 360 international locations. It prides itself on delivering quality products through an efficient U.S.-based supply chain, ensuring customers have access to affordable luxuries.
Bath & Body Works, Inc. (NYSE: BBWI) updated its Q2 and full-year 2022 guidance, expecting a sales decline of 6-7% against previous predictions of low single-digit growth. Q2 earnings per diluted share are now estimated at $0.40 to $0.42, significantly down from $0.60 to $0.65. Full-year sales are projected to decrease in the mid-to-high single digits, contrasting with earlier forecasts of low single-digit growth. Operating income is expected to be in the mid-teens percentage of sales. The company will report earnings on August 17, 2022.
Bath & Body Works (NYSE: BBWI) reported Q1 2022 net sales of $1.450 billion, a slight decline of 1% year-over-year. Earnings per diluted share rose to $0.64, up from $0.32 in the same quarter last year, driven by improved customer engagement and a robust domestic supply chain. Operating income decreased to $280 million, reflecting a 19.3% margin on sales. For Q2 2022, the company projects earnings per share between $0.60 and $0.65, lower than last year's $0.77. Full-year guidance has also been revised down to between $3.80 and $4.15, citing inflationary pressures and increased investments.
Bath & Body Works (NYSE: BBWI) declared a quarterly dividend of $0.20 per share, payable on June 17, 2022. Shareholders of record will be eligible if they hold shares by June 3, 2022. This represents a continued commitment to returning value to shareholders.
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