New Roles in Stores and Distributions Centers across US, Canada and Puerto Rico  COLUMBUS, Ohio, Sept. 12, 2024 /PRNewswire/ -- Bath and Body Works will hire 30,000 new seasonal associates at its more than 1,800 stores in the US, Canada and Puerto Rico and 2,700 distribution center associates for its four central Ohio distribution centers.  As a retailer focused on delivering a best-in-class shopping experience through convenience, service and a selection of high-quality fragrances at the right price points ...

Brett_Hondow Hey there, Seeking Alpha readers! In this article, I examine an undervalued company with a narrow economic moat in the retail space. I think it at least deserves a look - or perhaps I should say a sniff! That company is Bath & Body Works, Inc. (NYSE:BBWI). About Bath & Body Works Bath & Body Works is more than a retailer; it's a brand that has woven itself into the fabric of our lives and is known by almost anyone in North America. But what truly sets Bath & Body Works apart is its product port ...

Brett_Hondow Summary I am neutral on Bath & Body Works Inc. (NYSE:BBWI). My summarized thesis is that the near-term outlook is bleak with no positive catalysts that I foresee will drive a strong growth recovery. The reason I am not assigning a sell rating to the stock is because valuation has already suffered greatly, dropping from 14x to 8x forward PE in just two months. At 8x, it is at the low end of BBWI 10-year trading history, suggesting little room for further decline. Company overview BBWI is a s ...

Bath & Body Works, Inc. BBWI reported worse-than-expected second-quarter sales results and issued FY24 adjusted EPS guidance with its midpoint below estimates. Also, the company issued third-quarter EPS guidance below estimates.The company reported the second quarter adjusted earnings per share of 37 cents, beating the analyst consensus of 36 cents. Quarterly sales of $1.526 billion (down 2.1%) missed the street view of $1.543 billion."We are leveraging our agile business model to navigate the dynamic retai ...

Core Viewpoint - Bath & Body Works has experienced a significant decline in stock performance, with shares falling approximately 24% in 2024, contrasting with a 4% increase in the consumer discretionary sector [1][2]. Financial Performance - The company reported that 77% of net sales in fiscal Q1 2025 came from physical stores in the U.S. and Canada, while online sales accounted for 19% and international sales for 4% [3]. - Sales have declined for six consecutive quarters, with revenues around 40% below pre-pandemic peak levels, although net income and free cash flow remain stable due to increased margins [4]. - Following Q2 2024 earnings, the company lowered its full-year adjusted EPS guidance to a midpoint of $3.16, below analysts' expectations of $3.25 [6]. Market Position and Analyst Ratings - Analysts have downgraded Bath & Body Works, with Citigroup and Barclays reducing price targets by nearly 30%, now viewing the stock as fairly valued [2]. - Despite the downgrades, Deutsche Bank maintains a bullish outlook with a price target of $54, suggesting over 50% upside potential [2]. Strategic Initiatives - The company is revamping its strategy by enhancing digital experiences through a partnership with Accenture, including the introduction of a "fragrance finder" to improve customer engagement [7]. - Bath & Body Works is transitioning to off-mall locations, with plans to increase the percentage of off-mall stores from 50% to two-thirds, aiming to reduce costs associated with declining mall foot traffic [7][8]. Customer Engagement and Growth Opportunities - The loyalty program has grown to 37 million members, representing 80% of U.S. sales, with new customers making up 43% of enrollees [9]. - There are opportunities to boost sales by promoting frequent purchases, introducing a subscription tier, and expanding offerings for male customers, where the company has shown strength [10].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ FORM 10-Q _________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 3, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8344 _________________________________ BATH & BODY WORK ...

Key TakeawaysBath & Body Works expects net sales to fall between 2% and 4% this year, worse than its previously offered guidance.CEO Gina Boswell called the lower range "prudent" amid challenging consumer spending trends.The retailer also missed expectations with its second-quarter net sales. Bath & Body Works (BBWI) shares sank after the company slashed its 2024 guidance and missed expectations with its second-quarter sales. The body and fragrance product retailer on Wednesday said it expects net sales to ...

Bath & Body Works, Inc. (NYSE:BBWI) Q2 2024 Earnings Conference Call August 28, 2024 9:00 AM ET Company Participants Luke Long - Vice President, Investor Relations Gina Boswell - Chief Executive Officer and Director Julie Rosen - President Eva Boratto - Chief Financial Officer Conference Call Participants Simeon Siegel - BMO Capital Markets Lorraine Hutchinson - Bank of America Alex Straton - Morgan Stanley Kate McShane - Goldman Sachs Matthew Boss - JP Morgan Krisztina Katai - Deutsche Bank Dana Telsey - T ...

For the quarter ended July 2024, Bath & Body Works (BBWI) reported revenue of $1.53 billion, down 2.1% over the same period last year. EPS came in at $0.37, compared to $0.40 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.54 billion, representing a surprise of -1.15%. The company delivered an EPS surprise of +5.71%, with the consensus EPS estimate being $0.35.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

1 Q2 2024 RESULTS& 2024 GUIDANCE August 28, 2024 Q2 EARNINGS CALL PARTICIPANTS 2 GINA BOSWELL Chief Executive Officer & Director JULIE ROSEN President, Retail EVA BORATTO Chief Financial Officer LUKE LONG VP Investor Relations Batl 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 presentation or made by o ...