Earnings Summary: Highlights of Bath & Body Works’ Q4 2023 results

Bath & Body Works Inc. (NYSE: BBWI), a provider of personal care and home fragrance products, announced financial results for the fourth quarter of 2023.

• The company reported net sales of $2.91 billion for Q4, an increase of 0.8% from $2.89 billion posted in the prior-year period
• Earnings from continuing operations per share was $2.55, vs. $1.86 per share in the same period of the prior year
• Fourth-quarter operating income was $696 million, compared to $653 million last year; net income from continuing operations rose to $579 million from $428 million in Q4 2022
• Adjusted net income from continuing operations was $469 million or $2.06 per share during the three months
• For fiscal 2024, the company forecasts net sales change to range between a decline of 3.0% to flat, compared to last year
• Full-year 2024 earnings per share is expected to be between $3.00 and $3.35
• The company expects first-quarter 2024 net sales to decline 4.5-2.0%; Q1 earnings per share are expected to be between $0.28 and $0.33