earnings
confidence high
sentiment positive
materiality 0.70
Bath & Body Works Q1 EPS $0.38 beats high-end guidance; narrows FY2024 range upward
Bath & Body Works, Inc.
2024-Q1 EPS reported
$0.38
revenue$1,384,000,000
- Q1 net sales $1,384M (-0.9% YoY) above guidance; diluted EPS $0.38 (GAAP), up 9% YoY.
- Adjusted EPS $0.38 vs $0.33 prior year (+15%); operating income $187M vs $181M.
- Full-year 2024 guidance narrowed: net sales decline 2.5% to flat; EPS $3.05-$3.35 (midpoint raised).
- Q2 2024 guidance: net sales down 2% to flat; EPS $0.31-$0.36; includes ~$75M share repurchases.
- CEO cites success of product introductions and new adjacencies driving core business.