Bath & Body Works Clings To Q1 Profit Growth Amid Shaky International Sales: Details
Portfolio Pulse from Shivani Kumaresan
Bath & Body Works Inc (NYSE:BBWI) reported a slight decline in Q1 FY24 sales but beat analyst estimates. Despite weaker international sales, the company saw a rise in gross profit and operating income. Adjusted EPS also surpassed expectations. The company narrowed its FY24 EPS and sales guidance. BBWI shares are trading lower by 5.56%.
June 04, 2024 | 1:03 pm
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Bath & Body Works reported a slight decline in Q1 FY24 sales but beat analyst estimates. Gross profit and operating income increased, and adjusted EPS surpassed expectations. The company narrowed its FY24 EPS and sales guidance. Shares are trading lower by 5.56%.
Despite beating analyst estimates for Q1 FY24, the slight decline in sales and the narrowed FY24 guidance have likely contributed to the 5.56% drop in BBWI's share price. The market appears to be reacting to the weaker-than-expected international sales and the cautious outlook for the next quarter.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100