MUNCY, PENNSYLVANIA, UNITED STATES - 2022/11/21: A Bath and Body Works store stands at the Lycoming ... [+] Crossing Shopping Center in Muncy. The Christmas holiday shopping season in the United States traditionally begins after Thanksgiving. (Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesBath & Body Works stock (NYSE: BBWI), the largest specialty home fragrance & body care product retailer in the U.S., formerly known as L Brands, is scheduled to repor ...

The upcoming report from Bath & Body Works (BBWI) is expected to reveal quarterly earnings of $0.33 per share, indicating no change from the year-ago quarter compared to the year-ago period. Analysts forecast revenues of $1.37 billion, representing a decrease of 2.1% year over year.Over the last 30 days, there has been an upward revision of 3.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forec ...

COLUMBUS, Ohio, May 28, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today that Eva Boratto, chief financial officer, will participate in a fireside chat at the Evercore ISI Consumer & Retail Conference on Tuesday, June 11, 2024, at 11:00 a.m. EDT. A live audio webcast will be available at the time of the event and may be accessed through the Events and Presentations section of the company's website at https://investors.bbwinc.com/financial-reporting/events-presentations. The webca ...

COLUMBUS, Ohio, May 21, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE:BBWI) announced today that it plans to report its first quarter 2024 financial results before market open on Tuesday, June 4, 2024. In conjunction with this report, the company will host a conference call at 9:00 a.m. EDT during which Gina Boswell, chief executive officer, Eva Boratto, chief financial officer, and Julie Rosen, president, retail, will provide a business update and discuss the company's results. Supplemental materi ...

COLUMBUS, Ohio, May 21, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today that it plans to report its first quarter 2024 financial results before market open on Tuesday, June 4, 2024. In conjunction with this report, the company will host a conference call at 9:00 a.m. EDT during which Gina Boswell, chief executive officer, Eva Boratto, chief financial officer, and Julie Rosen, president, retail, will provide a business update and discuss the company's results. Supplemental mater ...

COLUMBUS, Ohio, May 17, 2024 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today the declaration of its regular quarterly dividend of $0.20 per share payable on June 21, 2024, to shareholders of record at the close of business on June 7, 2024. ABOUT BATH & BODY WORKS: Home of America’s Favorite Fragrances®, Bath & Body Works is a global leader in personal care and home fragrance, including top-selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home ...

Key PointsThree value stocks could be a fit for Berkshire Hathaway if they had a larger market cap: Ulta Beauty, Bath & Body Works, and Tapestry.Despite a weakening U.S. consumer sentiment and stubbornly high inflation, consumers typically find space in their budgets for these beauty and home goods products.With high profitability rates and low valuation multiples, these stocks could provide smaller retail investors with Buffett-like moments.Investors follow what stocks Warren Buffett buy. However, they lac ...

At the beginning of 2024, retail stocks has a bright outlook. Consumer spending was holding up, the rate of inflation was easing, and there were expectations of an interest-rate cut.  That three-legged stool looks more unstable. The latest reading on inflation showed an uptick that is likely to follow oil prices higher, and Federal Reserve chair Jerome Powell is making it clear that investors should not count on rate cuts anytime soon. Still, it’s not altogether crazy to invest in retail stocks. As the late ...

Workforce and Inclusion - As of February 3, 2024, Bath & Body Works employed approximately 57,200 associates, with 95% working in stores[38]. - The workforce consists of 8,981 full-time and 48,176 part-time associates, totaling 57,157[39]. - In 2023, the company achieved pay equity for women at $1.00 and for people of color at $0.99 relative to men's pay for similar work[40]. - The company awarded over $400,000 in grants to over 250 associates through the Associates for Associates fund in 2023[42]. - Bath & Body Works plans to introduce DailyPay for store associates during fiscal 2024, following its implementation for distribution and fulfillment center associates[42]. - The company emphasizes a pay-for-performance philosophy, linking compensation changes to overall company performance and individual contributions[41]. - Bath & Body Works is committed to fostering an inclusive work environment, with eight associate inclusion resource groups supported by senior leaders[40]. - The company is focused on attracting and retaining qualified associates, which is critical for maintaining customer satisfaction and operational success[50]. Financial Performance - Net sales for fiscal 2023 were $7,429 million, a decrease of 1.7% from $7,560 million in fiscal 2022[184]. - Gross profit for fiscal 2023 was $3,236 million, slightly down from $3,255 million in fiscal 2022, resulting in a gross margin of approximately 43.6%[184]. - Operating income decreased to $1,285 million in fiscal 2023 from $1,376 million in fiscal 2022, reflecting a decline of 6.6%[184]. - Net income from continuing operations for fiscal 2023 was $878 million, an increase of 10.6% compared to $794 million in fiscal 2022[184]. - Total net income per diluted share for fiscal 2023 was $3.84, up from $3.43 in fiscal 2022, representing a growth of 12.0%[184]. - Total comprehensive income for fiscal 2023 was $875 million, compared to $798 million in fiscal 2022, indicating an increase of 9.7%[187]. Economic and Market Risks - Seasonal fluctuations significantly impact net sales and operating income, particularly during the fourth quarter holiday season[49]. - The company faces risks from general economic conditions, inflation, and consumer spending patterns, which have negatively impacted sales in recent years[48]. - More than half of the company's stores are located in off-mall retail areas, making sales dependent on consumer traffic, which can be adversely affected by economic downturns and competition from online retailers[52]. - Future growth is heavily reliant on the ability to open new stores and remodel existing ones, with risks associated with site selection and hiring qualified personnel[52]. - International expansion plans face risks including compliance with local laws, cultural differences, and geopolitical instability, which could disrupt operations and increase costs[54]. - The retail industry is highly competitive, with the company facing challenges from both traditional and online retailers, which could impact pricing power and market share[57]. - The company relies on physical retail locations, making it vulnerable to declines in foot traffic, which could significantly affect sales performance[57]. Supply Chain and Operational Risks - The direct channel business is subject to risks such as logistics costs and potential disruptions from third-party service providers, which could adversely affect sales and customer satisfaction[55]. - The company faces risks related to sourcing and distributing merchandise globally, including customs regulations and potential tariffs[58]. - The Uyghur Forced Labor Prevention Act may impact the ability to import goods from China, potentially leading to inventory shortages and increased compliance costs[59]. - The company relies on third-party transportation providers for product shipments, which exposes it to risks such as rising labor costs and fuel prices[60]. - The geographic concentration of manufacturing and distribution facilities makes the company susceptible to local disruptions, potentially affecting inventory and costs[60]. Financial Management and Capital Structure - The company has historically included quarterly cash dividends and share repurchase programs in its capital allocation strategy, but future payments are not guaranteed[72]. - Substantial indebtedness and covenants in the asset-backed revolving credit facility may restrict the company's ability to pay dividends or repurchase shares[75]. - A deterioration in capital structure or earnings quality could lead to a downgrade in credit ratings, affecting access to capital and increasing interest expenses[74]. - The company reported interest expense of $345 million for fiscal 2023, a slight decrease from $348 million in fiscal 2022[184]. - The company extinguished $485 million principal amount of senior notes during 2023, resulting in pre-tax gains of $34 million[265]. Taxation and Compliance - The company is subject to various legal and regulatory requirements, including those from the Sarbanes-Oxley Act and the U.S. Foreign Corrupt Practices Act, which could impact its operations and financial condition[78]. - Changes in taxation and trade regulations could adversely affect the company's results of operations and financial condition due to increased costs and compliance complexities[81]. - The effective income tax rate for 2023 was 13.9%, a significant decrease from 24.0% in 2022[255]. - The company is currently under examination by the IRS for its 2020 to 2023 consolidated U.S. federal income tax returns[257]. Cybersecurity and IT Risks - Cybersecurity incidents could significantly damage the company's reputation and financial condition, with potential liabilities from breaches or failures of security[70]. - The company maintains cybersecurity insurance, but it may not be sufficient to cover all claims related to data security incidents[70]. - The complexity of information systems and the transition of IT services heighten operational risks, including potential cybersecurity threats[70]. - The IT Transformation Project aims to upgrade digital and information technology systems, enhancing data analytics and customer experience, but poses risks of service interruption and increased expenses[68]. Inventory and Cash Management - Total current assets decreased from $2,266 million to $2,115 million, a decline of approximately 6.7%[191]. - Cash and cash equivalents decreased from $1,232 million to $1,084 million, a reduction of about 12.1%[191]. - Total liabilities decreased from $5,494 million to $5,463 million, a decline of approximately 0.6%[191]. - Long-term debt decreased from $4,862 million to $4,388 million, a reduction of about 9.7%[191]. - Inventory shrinkage rates have increased in recent years, which could adversely affect financial performance[67].

E_Y_E Synopsis Bath & Body Works, Inc. (NYSE:BBWI) is a leading name in home fragrance and personal care, with 1,850 locations in North America and 480 franchises internationally. Despite a decline in sales in 2022 and 2023 due to inflationary pressure, BBWI's products are considered an affordable luxury, and the firm seems to remain resilient as compared to its peers. In addition, their loyalty program has been proven effective, with a strong customer base that accounts for nearly 80% of 2023 sales and is ...