Bath & Body Works Exceeds Q4 Earnings Expectations, Foresees Lower Profit for Fiscal Year

At the close of the fourth quarter, Bath & Body Works revealed positive earnings results, although a decrease in profit is anticipated for the upcoming fiscal year.

Q4 Performance Overview

  • Profit: $579 million, or $2.55 per share, marking an increase from the previous year.
  • Adjusted Earnings: $2.06 per share, surpassing analyst expectations of $1.88 per share.
  • Sales: Slightly increased to $2.91 billion, slightly higher than the projected $2.84 billion.

Forecasts for Fiscal Year 2024

  • Sales Expectation: Flat to a 3% decrease compared to the previous year, with forecasts falling below analyst estimates of $7.49 billion.
  • Earnings Outlook: Expected to range from $3 to $3.35 per share, down from the prior year's $3.84 per share.

Current Quarter Projections

  • Targeted Earnings: Anticipated to range from 28 to 33 cents per share, lower than analysts' projections and a decline from the previous year's 35 cents per share.

Bath & Body Works continues to navigate changing market conditions as it positions itself for future growth opportunities.

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