Bath & Body Works' Fiscal Q3 Adjusted Earnings, Net Sales Rise; Raises Fiscal 2024 Guidance

MT Newswires Live

Nov 25, 2024

Bath & Body Works (BBWI) reported fiscal Q3 adjusted earnings Monday of $0.49 per diluted share, up from $0.48 a year earlier.

Analysts surveyed by FactSet expected $0.47.

Net sales for the quarter ended Nov. 2 were $1.61 billion, up from $1.56 billion a year earlier.

Analysts surveyed by FactSet expected $1.58 billion.

For fiscal Q4, the company expects adjusted EPS of $2.06. Analysts polled by FactSet expect $1.97.

Net sales for the fiscal quarter are projected to decline by 4.5% to 6.5% compared with a year earlier. Analysts polled by FactSet expect $2.74 billion.

The company raised its fiscal 2024 adjusted EPS guidance to now be between $3.15 and $3.28 from the prior guidance of between $3.06 and $3.26. Analysts surveyed by FactSet expect $3.31.

Net sales for the fiscal year are now projected to decline by 1.7% to 2.5%, compared with the prior guidance of a 2% to 4% decline. Analysts surveyed by FactSet expect $7.24 billion.

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