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
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
