Bath & Body Works Reports Fourth Quarter and Full-Year 2023 Results and Provides 2024 Outlook
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Bath & Body Works (BBWI) stock slides as guidance disappoints
February 29, 2024 8:50 AM ESTBath & Body Works, Inc. (NYSE: BBWI) reported a solid fourth quarter, surpassing analyst expectations with adjusted earnings of $2.06 per share, $0.19 higher than the consensus of $1.87. Revenue also exceeded forecasts, coming in at $2.91 billion against an anticipated $2.84 billion. Despite the strong quarter, shares of the company dropped by 8.79% as investors reacted to a disappointing outlook for fiscal 2024.
The company's fourth-quarter net sales saw a marginal increase of 0.8% compared to the same period last year, with the additional week in the quarter contributing... More
