Bath & Body Works Q1 Earnings Beat Estimates Despite Sales Decline
Bath & Body Works reported Q1 adjusted EPS of $0.32, beating the $0.29 consensus, and revenue of $1.38 billion, above the $1.36 billion estimate. However, total sales fell 3% year-over-year. Shares surged up to 15% in premarket trading. The company maintained full-year guidance for a 2.5%-4.5% sales decline and adjusted EPS of $2.40-$2.65. CFO Eva Boratto will step down on June 12, with Tom Javitch as interim CFO.
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Bath & Body Works (BBWI) Beats Sales Outlook; Shares Soar 9.7%
Bath & Body Works (NYSE:BBWI) shares surged 9.7% on Wednesday to close at $19.45 after reporting first-quarter earnings that beat net sales expectations. Net income rose 74% year-over-year to $183 million, while net sales fell 3% to $1.378 billion, better than the company's guidance of a 4-6% decline. CEO Daniel Heaf noted performance exceeded expectations but remains below the brand's potential, with improvements expected through 2026 and into 2027. For Q2, the company forecasts net sales to decline 3-5% and EPS to drop 16.7-33% to $0.20-$0.25. Separately, CFO Eva Boratto plans to step down on June 12 to join Cencora, with Tom Javitch serving as interim replacement.
Yahoo FinanceBath & Body Works shares gain as Q1 beat and reaffirmed guidance reassure investors
Bath & Body Works shares surged 12.8% after reporting first-quarter results that exceeded both company guidance and Wall Street estimates. Adjusted EPS of $0.32 beat the consensus of $0.29, while net sales of $1.38 billion, down 3.2% year-over-year, surpassed the $1.36 billion consensus. The company reaffirmed its full-year 2026 guidance for net sales down 4.5% to 2.5%, adjusted EPS of $2.40 to $2.65, and free cash flow of approximately $600 million. For Q2, it guided net sales down 5% to 3% and adjusted EPS of $0.20 to $0.25, with the midpoint above consensus. CEO Daniel Heaf noted results exceeded guidance but remain below the brand's potential, citing progress on the 'Consumer First Formula.' By segment, US and Canada store sales fell 4%, international rose 9%, and e-commerce declined 2%. CFO Eva Boratto will step down on June 12, with Tom Javitch named interim CFO.
Yahoo FinanceBath & Body Works shares gain as Q1 beat and reaffirmed guidance reassure investors
Bath & Body Works (NYSE: BBWI) shares surged 12.8% in morning trading after the company reported first-quarter results that exceeded both its own guidance and Wall Street estimates. Adjusted EPS of $0.32 beat the consensus of $0.29 and the guided range of $0.24-$0.30. Net sales of $1.38 billion, down 3.2% year-over-year, surpassed the $1.36 billion consensus and the company's guided decline of 4%-6%. Adjusted operating income of $151 million topped estimates of $141 million. The company reaffirmed its full-year 2026 guidance for net sales down 4.5% to 2.5%, adjusted EPS of $2.40 to $2.65, and free cash flow of approximately $600 million. For Q2, it guided net sales down 5% to 3% and adjusted EPS of $0.20 to $0.25, with the midpoint above the $0.21 consensus. CEO Daniel Heaf said results exceeded guidance but remain below the brand's potential, emphasizing the 'Consumer First Formula' strategy. By segment, US and Canada store sales fell 4%, international rose 9%, and e-commerce declined 2%. The company also announced CFO Eva Boratto will step down on June 12, with Tom Javitch named interim CFO.
Yahoo FinanceBath & Body Works insider takes interim CFO seat
Bath & Body Works announced that long-time company veteran Tom Javitch will serve as interim CFO effective June 12, following the resignation of Eva Boratto, who is leaving to become CFO of pharmaceutical company Cencora. The Columbus, Ohio-based retailer also appointed D. Andrew Meeting as principal accounting officer. CEO Daniel Heaf expressed confidence in Javitch's interim leadership, citing his 25 years of experience across Limited Brands and Bath & Body Works. The company reported Q1 net sales of $1.4 billion, down 3% year-over-year, and reaffirmed full-year 2026 guidance expecting sales to decline 2.5% to 4.5%. An active search for a permanent CFO is underway.
Yahoo FinanceBath & Body Works Q1 2026 Earnings Beat Estimates, Stock Surges
Bath & Body Works reported first-quarter fiscal 2026 earnings that exceeded analyst expectations, sending its stock up 14% in premarket trading. Net sales reached $1.38 billion, above the $1.36 billion consensus, while adjusted earnings per share came in at 32 cents versus the 29-cent forecast. On a reported basis, EPS was 90 cents, up from 49 cents a year ago, and net income rose to $183 million from $105 million. However, net sales declined 3% year-over-year from $1.42 billion. The results included an $88 million pretax gain from payment card litigation settlements and a $62 million tax benefit. The company maintained its full-year 2026 guidance, forecasting net sales decline of 2.5% to 4.5% and adjusted EPS of $2.40 to $2.65. CEO Daniel Heaf noted results exceeded guidance but remain below the brand's potential. CFO Eva Boratto will step down on June 12, with Tom Javitch serving as interim CFO. Analysts attribute demand to an 'affordable luxury' effect in home fragrance and self-care, supported by the company's recent expansion to Amazon.
Yahoo FinanceBath & Body Works Q1 2026 Earnings Beat Estimates, Stock Surges
Bath & Body Works reported first-quarter net sales of $1.38 billion for the period ending May 2, 2026, surpassing analyst expectations of $1.36 billion. Adjusted earnings per share came in at 32 cents, above the 29-cent consensus. The stock surged 14% in premarket trading. Net income rose to $183 million from $105 million a year ago, though net sales declined 3% year-over-year. Results included an $88 million pretax gain from payment card litigation settlements and a $62 million tax benefit. The company maintained its full-year 2026 guidance, forecasting net sales decline of 2.5% to 4.5% and adjusted EPS of $2.40 to $2.65. CFO Eva Boratto will step down on June 12, with Tom Javitch serving as interim CFO. CEO Daniel Heaf noted results exceeded guidance but remain below the brand's potential. The company has expanded distribution to Amazon to reach younger, affluent customers amid a sluggish consumer environment.
Yahoo FinanceBath & Body Works Shares Rise on Earnings Beat Despite Continued Sales Decline
Bath & Body Works (BBWI) reported first-quarter adjusted earnings per share of $0.32, beating analyst estimates of $0.29, and revenue of $1.4 billion, above the $1.36 billion consensus. However, total sales fell 3% year-over-year. CEO Daniel Heaf noted the results exceeded guidance but remain below the brand's potential. Shares initially surged 15% in premarket trading before settling to a 4.4% gain. For Q2, the company forecast earnings of $0.20-$0.25 per share and a 3%-5% sales decline. Full-year adjusted earnings guidance was maintained at $2.40-$2.65 per share, with sales expected to fall 2.5%-4.5%. Separately, CFO Eva Boratto will step down on June 12, with Tom Javitch named interim CFO.
Yahoo FinanceBath & Body Works Shares Rise on Earnings Beat Despite Continued Sales Decline
Bath & Body Works (BBWI) reported first-quarter adjusted earnings per share of $0.32, beating analyst estimates of $0.29, and revenue of $1.4 billion, above the consensus of $1.36 billion. However, total sales fell 3% year-over-year. CEO Daniel Heaf noted the performance exceeded guidance but remains below the brand's potential. Shares initially surged 15% in premarket trading before settling to a 4.4% gain. For Q2, the company forecast earnings of $0.20-$0.25 per share and a sales decline of 3%-5%. Full-year adjusted earnings guidance was maintained at $2.40-$2.65 per share, with sales expected to fall 2.5%-4.5%. Separately, CFO Eva Boratto will step down on June 12, with Tom Javitch named interim CFO.
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