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
AbbVie Q1 2025 adjusted earnings increase on 8% revenue growth; beat estimates
Biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) announced first-quarter 2025 financial results, reporting an increase in revenue and adjusted earnings. The company reported worldwide net revenues of $13.3 billion for the
Colgate-Palmolive (CL) Q1 2025 Earnings: Key financials and quarterly highlights
Colgate-Palmolive Company (NYSE: CL) reported its first quarter 2025 earnings results today. Net sales decreased 3.1% year-over-year to $4.9 billion. Organic sales growth was 1.4%. Net income attributable to Colgate-Palmolive Company rose
Meta Platforms (META) set to report Q1 earnings. Here’s what to expect
After integrating artificial intelligence into its products, Meta Platforms, Inc. (NASDAQ: META) is investing heavily in the metaverse project. Yet, the tech giant has maintained healthy cash flows and consistently
