Bath & Body Works (BBWI) shares slide after guidance disappoints

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Bath & Body Works Reports Fourth Quarter and Full-Year 2022 Sales and Earnings Results

February 23, 2023 6:00 AM EST

COLUMBUS, Ohio, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) today reported fourth quarter and full-year 2022 results.

Gina Boswell, CEO of Bath & Body Works, commented, The team delivered better-than-expected earnings results despite a challenging macroeconomic environment, which is a testament to the strengths of this organization. Our customer base responded well to our holiday season, in part powered by our loyalty program, which now exceeds 33 million members. In addition, we continued to be disciplined in our expense and inventory management.

I am honored to lead this organization and I... More