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.
COLUMBUS, Ohio, May 5, 2022 - Bath & Body Works will release its first quarter 2022 earnings after market close on May 18. A conference call with executives will follow on May 19 at 9:00 a.m. ET. Investors can join the call via the company’s website or by phone. The call details include domestic and international dial-in numbers for participation. The company is known for its exclusive fragrances and has over 1,750 stores in the U.S. and Canada, along with more than 300 international locations.
Bath & Body Works announced the addition of Alessandro Bogliolo and Juan Rajlin to its Board of Directors, enhancing its strategic leadership.
Bogliolo brings over 30 years of retail experience, previously serving as CEO at Tiffany & Co., while Rajlin is the treasurer of Alphabet Inc., overseeing substantial investments and corporate finance strategies. Both leaders will join the board in May 2022, alongside the departure of Andrew Meslow and Robert Schottenstein. The board will then consist of nine directors, emphasizing diversity with over half from diverse communities. Sarah Nash expressed optimism about leveraging their global experience to drive growth.
Andrew Meslow will resign as CEO of Bath & Body Works on May 12, 2022 for health reasons. Sarah E. Nash has been appointed as Executive Chair and will serve as Interim CEO post-Meslow's departure. The Board of Directors intends to engage a search firm for a permanent CEO. Meslow expressed pride in the company's achievements, including the successful spin-off of Victoria's Secret. Nash acknowledged Meslow's leadership and highlighted the company's record performance in fiscal 2021.
Bath & Body Works (NYSE: BBWI) reported strong financial results for Q4 and full-year 2021. Q4 net sales reached $3.027 billion, an 11% increase year-over-year, with earnings per share of $2.27, up from $1.96 in Q4 2020. For the full year, net sales rose 22% to $7.882 billion, with EPS from continuing operations at $3.94, compared to $3.07 in 2020. The Board authorized a new $1.5 billion share repurchase program and increased the dividend by 33%. For 2022, EPS guidance ranges between $4.30 and $4.70.
Bath & Body Works invites investors to its fourth quarter 2021 earnings conference call scheduled for Feb. 24, 2022, at 9:00 a.m. ET. This call will follow the release of the company's earnings report on Feb. 23. Interested parties can listen via the company’s website or call in using provided numbers. The release emphasizes the company’s commitment to transparency and investor engagement.
Bath & Body Works (NYSE: BBWI) announced a new $1.5 billion share repurchase program and a 33% increase in the annual dividend to $0.80 per share. For the fourth quarter ending January 29, 2022, the company reported net sales of $3.027 billion, up 11% year-over-year. Estimated earnings per share (EPS) from continuing operations are projected at approximately $2.25, exceeding prior guidance. The company maintains a strong balance sheet with approximately $2 billion in cash, positioning itself for sustainable growth.
Bath & Body Works (BBWI) reported third quarter 2021 earnings with net sales of $1.681 billion, a slight decline from $1.702 billion in Q3 2020 but a 53% increase compared to $1.099 billion in Q3 2019. Earnings per share (EPS) from continuing operations were $0.66, down from $0.69 year-over-year. However, adjusted EPS rose to $0.92 from $0.83 last year. The company forecasts Q4 2021 EPS between $2.10 and $2.25, up from $1.96 in 2020. CEO Andrew Meslow attributed growth to strong customer response and loyal customer base.
Bath & Body Works (NYSE: BBWI) has declared a quarterly dividend of $0.15 per share, payable on Dec. 3, 2021, to shareholders of record by Nov. 19, 2021. This announcement reflects the company's commitment to return value to its investors. Bath & Body Works continues to be a leading specialty retailer, offering a wide range of fragrances for body and home, available at over 1,750 locations in the U.S. and Canada.
Bath & Body Works (NYSE: BBWI) will announce its third quarter 2021 earnings on November 17, after market close. A live webcast of the earnings conference call is scheduled for November 18 at 9:00 a.m. ET, featuring executives from the company. For additional details, participants can log onto the company's website or call designated numbers for domestic and international attendees.
The company continues to lead in specialty retailing with a focus on exclusive fragrances, operating over 1,750 locations in the U.S. and Canada.
FAQ
What is the current stock price of Bath & Body Works (BBWI)?
What is the market cap of Bath & Body Works (BBWI)?
What does Bath & Body Works specialize in?
When did Bath & Body Works become an independent company?
How many retail stores does Bath & Body Works operate?
What were Bath & Body Works' net sales in fiscal 2023?
What recent achievements has Bath & Body Works accomplished?
What initiatives has Bath & Body Works taken for the holiday season?
What strategic goals is Bath & Body Works focusing on?
How is Bath & Body Works engaging with male customers?
What is Bath & Body Works' approach to product development?
Where can I find more information about Bath & Body Works?
