earnings
confidence high
sentiment positive
materiality 0.80
Bath & Body Works Q3 sales up 3% to $1.61B, EPS $0.49 beats guidance; raises FY guidance
Bath & Body Works, Inc.
2024-Q3 EPS reported
$1.55
revenue$4,520,000,000
- Q3 net sales $1,610M (+3% YoY); EPS $0.49 vs $0.52 ($0.48 adjusted) prior year, exceeding guidance.
- Q3 operating income $218M; net income $106M vs $119M (incl $9M debt extinguishment gain) last year.
- Q4 guidance: net sales decline 6.5%-4.5% (500bps calendar headwind vs 14-week Q4 2023); EPS $1.94-$2.07.
- Full-year guidance raised: net sales decline 2.5%-1.7%; EPS $3.46-$3.59 reported / $3.15-$3.28 adjusted.
- FY2024 guidance includes $400M cash deployed to share repurchases.