{"id":11139,"date":"2023-05-19T19:56:36","date_gmt":"2023-05-19T23:56:36","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/bath-body-works-rallies-12-on-q1-earnings-beat-raised-profit-outlook\/"},"modified":"2023-05-19T19:56:36","modified_gmt":"2023-05-19T23:56:36","slug":"bath-body-works-rallies-12-on-q1-earnings-beat-raised-profit-outlook","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=11139","title":{"rendered":"Bath & Body Works rallies 12% on Q1 earnings beat, raised profit outlook"},"content":{"rendered":"
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\u00a9 Reuters. Bath & Body Works (BBWI) rallies 12% on Q1 earnings beat, raised profit outlook<\/span>
\n<\/i>\n<\/div>\n

Bath & Body Works, Inc. (NYSE:) shares are moving higher in early Thursday trading after the company reported better-than-expected Q1 results.<\/p>\n

BBWI an EPS of $0.33 on revenue of $1.4 billion, topping the consensus for EPS of $0.27 on revenue of $1.39B.<\/p>\n

\u201cWe delivered first quarter sales in line with our expectations while our EPS was better than anticipated as we saw benefits from our work to improve merchandise margin as well as early benefits from our cost optimization initiatives,\u201d Gina Boswell, CEO of Bath & Body Works, commented.<\/p>\n

\u201cLooking forward, we are moving quickly and implementing our plans to profitably grow sales and drive long-term value for our shareholders.\u201d<\/p>\n

For FY24, profit per share is seen at $2.88 at the midpoint, below the $2.97 expected. The company had previously guided for earnings of $2.75 per share.<\/p>\n

Full-year sales are still expected to be flat to mid-single-digit decline year-over-year.<\/p>\n

For this quarter, the company sees EPS in the range of $0.27-0.32, below the consensus of $0.32. Q2 net sales are expected to decline low- to mid-single digits YoY.<\/p>\n

The BBWI stock is up 12.6%.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Bath & Body Works (BBWI) rallies 12% on Q1 earnings beat, raised profit outlook Bath & Body Works, Inc. (NYSE:) shares are moving higher in early Thursday trading after the company reported better-than-expected Q1 results. BBWI an EPS of $0.33 on revenue of $1.4 billion, topping the consensus for EPS of $0.27 on […]<\/p>\n","protected":false},"author":1,"featured_media":2984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-11139","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nBath & Body Works rallies 12% on Q1 earnings beat, raised profit outlook | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Bath & Body Works (BBWI) rallies 12% on Q1 earnings beat, raised profit outlook Bath & Body Works, Inc. 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