The chart below shows how BBWI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BBWI sees a -0.40% change in stock price 10 days leading up to the earnings, and a +2.68% change 10 days following the report. On the earnings day itself, the stock moves by -1.74%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Sales and Earnings Increase: Net sales were $1.6 billion, up 3% versus the prior year, and earnings per diluted share were $0.49.
Guidance Outperformance: We beat our guidance on both the top and bottom line, and we are raising our full-year guidance to fully reflect this outperformance.
Category Growth and Market Share: Each of our categories, body care, home fragrance, and soaps and sanitizers, grew low single digits year over year, and year to date, we maintained our overall leading unit market share.
Net Sales Improvement: Our net sales performance adjusted for calendar shifts has sequentially improved each quarter during 2024.
Dividend Payout Summary: We paid out $44 million in dividends, and we have paid out $134 million year to date.
Negative
Net Sales Decline: Net sales were $1.6 billion, a decrease of 3% compared to the prior year, indicating a decline in revenue.
Operating Income Decline: Operating income decreased by 1.3% to $218 million, representing 13.5% of net sales, which is a reduction from previous performance.
Decline in International Sales: International net sales were $69 million, down 11.1% from the prior year, reflecting challenges in overseas markets.
Inventory Level Decline: Inventory levels decreased by 2% compared to last year, suggesting potential supply chain issues or reduced demand.
Fourth Quarter Sales Decline: The company expects fourth quarter net sales to be down 6.5% to down 4.5% versus the prior year, indicating a challenging outlook.
Bath & Body Works, Inc. (BBWI) Q3 2024 Earnings Call Transcript
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