Bath & Body Works Q1 EPS beats guidance; full-year EPS outlook raised

Bath & Body Works, Inc.

2023-Q1 EPS reported $0.35 revenue$1,396,000,000

Q1 net sales $1.396B, down 4% YoY; EPS $0.35 vs $0.64 prior year.
Adjusted EPS $0.33, beating guidance; includes $0.02 gain from debt repurchase.
Full-year EPS guidance raised to $2.70-$3.10 (adjusted $2.68-$3.08).
Q2 EPS expected $0.27-$0.32 vs $0.52; sales down low- to mid-single digits.
Repurchased $84M principal of senior notes in Q1, resulting in $7M pre-tax gain.

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 first quarter ended April 29, 2023 results: revenue $1.396 billion, net income $81 million, EPS $0.35. Guidance raised.

Period: first quarter ended April 29, 2023
Revenue: $1.396 billion
Net income: $81 million
EPS: $0.35
Guidance: raised
Result: reported results

Exact text from the filing

The company reported net sales of $1.396 billion for the first quarter ended April 29, 2023, a decrease of 4% compared to net sales of $1.450 billion for the first quarter ended April 30, 2022. The company reported earnings per diluted share of $0.35 for the first quarter of 2023, compared to $0.64 for the same period of the prior year. First quarter operating income was $181 million compared to $280 million last year, and net income was $81 million compared to $155 million last year.

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Source: SEC EDGAR

accession 0000701985-23-000012

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