UPDATE: Bath & Body Works, Inc. (BBWI) Tops Q1 EPS by 14c, Offers EPS Guidance

Bath & Body Works, Inc. (NYSE: BBWI) reported Q1 EPS of $0.64, $0.14 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $1.38 billion.

The updated fiscal 2022 outlook reflects the company’s decision to accelerate investments in information technology and its customer loyalty program, as well as projected increases in inflationary pressures. The company is forecasting second quarter earnings from continuing operations per diluted share between $0.60 and $0.65, compared to $0.77 earnings from continuing operations per diluted share in the prior year. For fiscal 2022, the company is forecasting earnings from continuing operations per diluted share between $3.80 and $4.15, compared to $4.51 adjusted earnings from continuing operations per diluted share in 2021 and its previous guidance of between $4.30 and $4.70.

For earnings history and earnings-related data on Bath & Body Works, Inc. (BBWI) click here.

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