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Financial Data and Key Metrics Changes - Net sales for Q3 2024 were $1.6 billion, an increase of 3% compared to the prior year, with earnings per diluted share at $0.49, exceeding guidance [8][34] - Gross profit rate was 43.5%, a decline of 10 basis points year-over-year, while SG&A as a percentage of net sales was 30%, better than expectations [38][39] - Total operating income decreased by 1.3% to $218 million, representing 13.5% of net sales [41] Business Line Data and Key Metrics Changes - Each category, including Body Care, Home Fragrance, and Soaps & Sanitizers, grew low-single digits year-over-year [11] - Body Care saw double-digit growth in Fine Fragrance Mist, driven by the Everyday Luxuries rollout [15] - Home Fragrance performance was boosted by growth in the candle business, aided by targeted marketing investments [13] Market Data and Key Metrics Changes - In U.S. and Canadian stores, net sales totaled $1.2 billion, up 4.4% year-over-year, while international net sales were $69 million, down 11.1% due to war-affected markets [36][37] - System-wide retail sales grew double-digits in regions not affected by the war, but declined in impacted areas [24][37] Company Strategy and Development Direction - The company is focused on its 5E strategy: elevating the brand, extending reach, engaging customers, enabling omnichannel experiences, and enhancing operational excellence [12] - Strategic investments are being made in adjacent categories, which now represent approximately 10% of the business, with potential for growth [20][21] - The company is reshaping its real estate portfolio, with 55% of North American stores in off-mall locations [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to sustainable profitable growth, emphasizing strong demand during the holiday season [31][55] - The company does not expect normalization in the candle market to materially impact business in 2025 and beyond [14][60] - Management highlighted the importance of product innovation and customer engagement in driving future growth [10][26] Other Important Information - The company plans to repurchase $400 million in shares and has paid out $134 million in dividends year-to-date [50][49] - The loyalty program has approximately 38 million active members, representing over 80% of U.S. sales [27][117] - The company is leveraging TikTok Shop to reach younger demographics, with plans for further engagement during the holiday season [28][124] Q&A Session Summary Question: Impact of candle normalization on business - Management stated that they do not expect candle normalization to have a material impact beyond 2024, citing market leadership and successful collaborations [58][60] Question: Gross margin performance - Management explained that gross margin met expectations, with strategic promotions impacting results, and they aim for a target gross margin of 45% [64][66] Question: Category trends and traffic cadence - Management noted positive customer response to seasonal merchandise and strong traffic throughout the quarter, driven by new product launches [69][73] Question: Revenue growth expectations - Management indicated that they are pleased with growth performance and expect continued momentum, despite calendar shifts impacting Q4 [78][80] Question: Marketing as a percentage of sales - Marketing accounted for about 3.5% of sales annually, with a 100 basis point increase year-over-year in Q3 [91] Question: Learnings from collaborations - Collaborations are driving growth in core products and enhancing brand awareness, with successful campaigns generating significant customer engagement [92][93] Question: International sales expectations - Management expects mid-single-digit declines in international sales for Q4, primarily due to war-affected regions [110] Question: Loyalty program effectiveness - The loyalty program is showing strong engagement, with increased redemption rates and higher spending from active members [118] Question: TikTok Shop plans - The company plans to leverage TikTok Shop for holiday season activations, measuring success through return on ad spend and customer metrics [125]

Bath & Body Works (BBWI) posted third-quarter fiscal 2024 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate. Also, both metrics improved year over year.Innovation across the company's core products, adjacencies and collaborations is resonating with both new and existing customers, supported by strategic investments in marketing and technology. The company is leveraging its agile business model and predominantly U.S.-based supply chain, positioning itself well to navigate a vo ...

Monday, November 25, 2024The stock market rally continues this morning, with the Dow up another +380 points at this hour. The S&P 500 is +40 and the Nasdaq +160 points, following a strong up-week which concluded with an energetic Friday session. Market participants look to be picking up where they left off last week.Considering we have a truncated trading week with the observance of Thanksgiving on Thursday and a half-day of trading on “Black Friday,” there are quite a few data reports expected this week. N ...

Key TakeawaysBath & Body Works exceeds quarterly estimates on positive growth in store traffic and its loyalty program.The retailer also raised its full-year guidance on optimism about the key holiday season ahead.The company benefited from having a predominately U.S.-based supply chain. Bath & Body Works (BBWI) shares skyrocketed when the personal care items retailer posted better-than-expected results and boosted its outlook on strong store traffic, customer loyalty and optimism about the upcoming holiday ...

Bath & Body Works (BBWI) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.52%. A quarter ago, it was expected that this owner of Victoria's Secret, Bath & Body Works and other chain stores would post earnings of $0.35 per share when it actually produced earnings of $0.37, delivering ...

Bath & Body Works Inc (NYSE:BBWI) stock is up 17.7% to trade at $36.14 at last glance -- their highest level since July -- after the retailer announced better-than-expected earnings and revenue for the third quarter. The company also raised its full-year forecast amid strong demand for its candles and fragrances during the holiday season.Shares are on track for their biggest single-day percentage gain on record, their third daily win in the past four sessions, and first close above the 40-day moving averag ...

Bath & Body Works (BBWI) reported $1.61 billion in revenue for the quarter ended October 2024, representing a year-over-year increase of 3.1%. EPS of $0.49 for the same period compares to $0.48 a year ago.The reported revenue represents a surprise of +1.99% over the Zacks Consensus Estimate of $1.58 billion. With the consensus EPS estimate being $0.46, the EPS surprise was +6.52%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Q3 earnings + 2024 Guidance Bath&BodyWorks® November 25, 2024 1 BATH & BODY WORKS 2024 Q3 EARNINGS CALL PARTICIPANTS GINA BOSWELL Chief Executive Officer & Director EVA BORATTO Chief Financial Officer LUKE LONG VP Strategy & Investor Relations 2 2 Forward-Looking Statements Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this presentat ...

Exhibit 99.1 Bath & Body Works Reports Third Quarter 2024 Results Net Sales of $1.6 Billion, Increased 3%; Earnings Per Diluted Share of $0.49, Both Exceeding Guidance Updates Fiscal Year 2024 Guidance COLUMBUS, Ohio – November 25, 2024 - Bath & Body Works, Inc. (NYSE: BBWI) today reported third quarter 2024 results. Gina Boswell, CEO of Bath & Body Works, commented, "Our strong results exceeded the high end of our net sales and earnings per diluted share guidance. As a result, we are raising our full-year ...