Bath & Body Works Inc. (NYSE: BBWI), a provider of personal care and home fragrance products, has announced financial results for the first quarter of 2023.
- First-quarter net sales decreased 4% annually to $1.40 billion from $1.45 billion in the comparable period of 2022
- Net income was $81 million in the April quarter, compared to $155 million in the prior-year quarter
- On an adjusted basis, earnings nearly halved to $0.35 per share from $0.64 per share last year
- Excluding the gain on the early extinguishment of debt, adjusted earnings per share fell to $0.33 from $0.64 per share
- The company reaffirmed its earlier guidance of flat net sales to a mid-single-digit decline for fiscal 2023
- Full‐year earnings per share, on a reported basis, are expected to be between $2.70 and $3.10, compared to $3.40 in 2022
- The company expects full‐year 2023 adjusted earnings per share to be in the range of $2.68 to $3.08
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
