Bath & Body Works Q3 EPS $0.40 beats guidance; raises FY2022 EPS outlook

Bath & Body Works, Inc.

2022-Q3 EPS reported $1.56 revenue$4,672,000,000

Q3 net sales $1.60B, down 5% YoY from $1.68B; EPS $0.40 vs guidance of $0.10-$0.20.
Operating income $201.8M vs $408.5M last year; net income $91.0M vs $177.1M (prior year included $89.1M debt extinguishment loss).
Q4 2022 EPS guidance $1.45-$1.65; full-year raised to $3.00-$3.20 from $2.70-$3.00.
Gina Boswell to become CEO in December; Sarah Nash remains Executive Chair and Interim CEO.
Company cites cost controls, supply chain agility, and loyalty program enrollment for beat.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bath & Body Works, Inc. reported third quarter ended Oct. 29, 2022 results: revenue $1.60 billion, net income $91.0 million, EPS $0.40. Guidance raised.

Period: third quarter ended Oct. 29, 2022
Revenue: $1.60 billion
Net income: $91.0 million
EPS: $0.40
Guidance: raised
Result: reported results

Exact text from the filing

The company reported net sales of $1.60 billion for the third quarter ended Oct. 29, 2022, a decrease of 5% compared to net sales of $1.68 billion for the third quarter ended Oct. 30, 2021, but an increase of 46% compared to the third quarter of 2019. The company reported earnings from continuing operations per diluted share of $0.40 for the third quarter ended Oct. 29, 2022, compared to $0.66 for the quarter ended Oct. 30, 2021. Third quarter operating income was $201.8 million compared to $408.5 million last year, and net income from continuing operations was $91.0 million compared to $177.1 million last year.

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Source: SEC EDGAR

accession 0000701985-22-000034

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