Bath & Body Works Q1 Outlook: $1.33B - $1.368B Vs. $1.38B Estimate, $0.28 - $0.33 Vs. $0.39 Estimate
Portfolio Pulse from Benzinga Newsdesk
Bath & Body Works projects Q1 2024 net sales to fall between $1.33B and $1.368B, missing the $1.38B estimate, with earnings per share expected to be $0.28 to $0.33, below the $0.39 estimate. This represents a 4.5% to 2.0% decline from $1.396B in Q1 2023. The outlook includes around $75 million allocated for share repurchases.
February 29, 2024 | 12:11 pm
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Bath & Body Works expects lower Q1 2024 sales and earnings, missing estimates, with significant funds allocated for share repurchases.
The projected decline in net sales and earnings per share for Q1 2024, compared to analyst estimates, suggests a negative short-term impact on BBWI's stock price. The allocation of $75 million for share repurchases may provide some support but is unlikely to fully offset the negative sentiment from the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100