Bath & Body Works Outperforms Forecasts but Faces Challenges Ahead

Bath & Body Works Outperforms Forecasts but Faces Challenges Ahead

THE WHAT?  Bath & Body Works surpassed Wall Street forecasts in its Q4 fiscal 2023 earnings, reporting net sales of US$2.9 billion, a 0.8% increase year-over-year, and net income of US$579 million, up from US$428 million.

THE DETAILS Adjusted earnings per diluted share were US$2.06, exceeding the expected US$1.88. Despite this, the company anticipates a challenging fiscal year 2024, projecting net sales to range from a 3% decline to flat, and full-year earnings per diluted share between US$3 and US$3.35, down from US$3.84 in 2023.

THE WHY?  The CEO cited weak demand for candles and macroeconomic pressures as factors, despite a strong holiday season and plans for new product launches in hair care, laundry, and men’s grooming, alongside a focus on expanding their lip product range.

WELLNESS

FASHION

TRAVEL

PROFESSIONAL BEAUTY

JOBS & PEOPLE