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May 04, 2024
Bath & Body Works Q1 2024 Earnings Report
Bath & Body Works reported better-than-expected results for Q1 2024, with net sales and earnings per share exceeding guidance.
Key Takeaways
Bath & Body Works reported net sales of $1.384 billion for Q1 2024, a decrease of 0.9% compared to $1.396 billion in Q1 2023. Earnings per diluted share were $0.38, up 9% compared to $0.35 in the same period last year. The company narrowed its full-year guidance range while raising the midpoint for both the top- and bottom-lines.
Net sales of $1.4 billion exceeded guidance.
Diluted earnings per share of $0.38 exceeded guidance, up 9% on a GAAP basis and 15% on an adjusted basis compared to the prior year.
The change in year-over-year net sales benefited by approximately 200 basis points from the shifted fiscal calendar.
Full-year 2024 earnings per diluted share is now expected to be between $3.05 and $3.35.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company expects second quarter 2024 net sales to range between a decline of 2% to flat, compared to $1,559 million in the second quarter 2023. Second quarter earnings per diluted share is expected to be between $0.31 and $0.36, compared to earnings per diluted share of $0.43 and adjusted earnings per diluted share of $0.40 in the second quarter 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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