Bath & Body Works Q2 Adj EPS $0.40 Beats $0.33 Estimate, Sales $1.56B Miss $1.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bath & Body Works (NYSE:BBWI) reported Q2 adjusted earnings of $0.40 per share, beating the analyst consensus estimate of $0.33 by 21.21%. However, this is a 23.08% decrease from the same period last year. The company's quarterly sales of $1.56 billion missed the analyst consensus estimate of $1.57 billion by 0.70%, marking a 3.65% decrease from the same period last year.
August 23, 2023 | 10:02 am
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Bath & Body Works reported Q2 earnings that beat estimates but sales that missed. Both earnings and sales are down compared to the same period last year.
Bath & Body Works' Q2 earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates and both earnings and sales are down year-over-year, which is negative for the stock. The net effect is likely to be negative in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100