earnings
confidence high
sentiment neutral
materiality 0.75
Bath & Body Works beats Q1 guidance but cuts FY2022 EPS outlook to $3.80-$4.15
Bath & Body Works, Inc.
2022-Q1 EPS reported
$0.64
revenue$1,450,000,000
- Q1 net sales $1.450B (-1% YoY); adjusted EPS $0.64 (+7% YoY), ahead of guidance.
- Q1 operating income $280M (19.3% margin); net income $154.9M vs $90.3M last year.
- Q2 EPS guidance $0.60-$0.65, down from $0.77 last year.
- Full-year EPS guidance cut to $3.80-$4.15 from prior $4.30-$4.70; cites IT/loyalty investments and inflation.
- Company reports positive store traffic, transaction trends, and agile domestic supply chain.