Bath & Body Works' Q2 EPS Manages To Beat, But Sales Stumble – CEO Promises To Navigate Retail Storms
Portfolio Pulse from Nabaparna Bhattacharya
Bath & Body Works (NYSE:BBWI) reported Q2 earnings per share of 37 cents, beating expectations, but sales fell short at $1.526 billion. The company revised its FY24 sales and EPS forecasts downward, and shares fell 4.95% premarket. CEO Gina Boswell emphasized the company's strong cash flow and plans for share repurchases.
August 28, 2024 | 12:11 pm
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Bath & Body Works reported Q2 EPS of 37 cents, beating expectations, but sales missed at $1.526 billion. The company revised its FY24 sales and EPS forecasts downward, leading to a 4.95% drop in share price premarket.
Despite beating EPS expectations, the miss on sales and downward revision of FY24 forecasts led to a negative market reaction, causing a 4.95% drop in share price. The company's outlook suggests challenges ahead, impacting investor sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100