Bath & Body Works Reports Q2 Beat But Weak Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/BBWI'>Bath & Body Works (NYSE:BBWI)</a> released its second-quarter results, which surpassed expectations. However, a less favorable outlook for the company's performance than initially anticipated caused a slight decline in shares pre-market today.</p>
<p>The company's adjusted earnings per share (EPS) of 40 cents came in better than the Street estimate of 33 cents. While revenue experienced a 3.6% decrease year-over-year, amounting to $1.56 billion, this figure aligns with what analysts had predicted.</p>
<p>For the current quarter, BBWI's projected EPS to fall within the range of 30 cents to 40 cents, slightly below the Street estimate of 38 cents. The company anticipates a drop in net sales of 2.5%-4.0% year-over-year.</p>
<p>Regarding its outlook for the full 2024 year, Bath & Body Works predicts an adjusted EPS between $2.80 and $3.10, compared to the consensus projection of $3.10. The company expects a decline in net sales of 1.5% to 3.5% year-over-year.</p>

NYSE:BBWI