Bath & Body Works Q1 Adj $0.38 Beats $0.32 Estimate, Sales $1.38B Beat $1.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bath & Body Works (NYSE:BBWI) reported Q1 earnings of $0.38 per share, beating the analyst estimate of $0.32. Sales were $1.38 billion, also surpassing the $1.36 billion estimate. Despite the beats, sales were down 0.86% year-over-year.
June 04, 2024 | 10:59 am
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Bath & Body Works reported better-than-expected Q1 earnings and sales, though sales were slightly down year-over-year.
The company's earnings and sales both exceeded analyst expectations, which is generally positive for the stock price. However, the slight year-over-year decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100