BATH & BODY WORKS Announces Second Quarter FY2024 Earnings Results for July 31 2023
August 26, 2023
🌥️Earnings Overview
BATH & BODY WORKS ($NYSE:BBWI) reported its earnings results for the second quarter of FY2024 on August 23 2023, with July 31 2023 as the end date. Total revenue totaled USD 1559.0 million, a decrease of 3.6% year-on-year. Net income decreased by 17.5% to USD 99.0 million compared to the same period in the previous year.
Market Price
The stock opened at $34.4 and closed at $36.2, confirming an increase of 3.7% from the previous closing price of $34.9. This marked the highest close of the company’s stock in the last three weeks. The company attributed its strong performance to its strategy of focusing on customer experience, along with improving supply chain efficiency and investing in technology-driven solutions. In order to further strengthen operations, BATH & BODY WORKS has also announced plans to expand its store base by adding new retail locations across the country.
BATH & BODY WORKS’ second quarter results have come as a welcome sign for investors and industry analysts alike, as it reflects the company’s commitment to long-term growth strategies and sound financial management. The stock market reacted positively to the news, with shares rising steadily throughout the day as investors reacted positively to the news. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BBWI. More…
| Total Revenues | Net Income | Net Margin |
| 7.45k | 705 | 9.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BBWI. More…
| Operations | Investing | Financing |
| 1.14k | -342 | -459 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BBWI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.2k | 7.35k | -9.48 |
Key Ratios Snapshot
Some of the financial key ratios for BBWI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -13.1% | 48.2% | 17.2% |
| FCF Margin | ROE | ROA |
| 10.7% | -36.9% | 15.4% |
Analysis
At GoodWhale, we recently conducted an analysis of BATH & BODY WORKS’s financials. Based on our Risk Rating, BATH & BODY WORKS is a medium risk investment in terms of financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet. If you are interested, please register on goodwhale.com to check it out. We will be updating our analysis regularly with new information, so make sure to bookmark us for future reference! More…
Peers
The competition among Bath & Body Works Inc, Ulta Beauty Inc, Five Below Inc, and O’Reilly Automotive Inc is fierce. All four companies are vying for the top spot in their respective industries, and each has its own unique strengths and weaknesses. Bath & Body Works Inc is the largest retailer of beauty products in the United States, while Ulta Beauty Inc is the largest beauty retailer in the world. Five Below Inc is a discount retailer that offers a wide variety of products, including beauty products, at extremely low prices. O’Reilly Automotive Inc is a leading retailer of automotive parts and accessories.
– Ulta Beauty Inc ($NASDAQ:ULTA)
Ulta Beauty Inc is a publicly traded company with a market capitalization of over 19 billion dollars as of early 2022. The company operates in the cosmetics, fragrance, and skincare industry and has over 1200 stores across the United States. Ulta Beauty Inc has a strong focus on customer service and offering a wide variety of products, which has resulted in the company having a very loyal customer base. Ulta’s return on equity (ROE) is very high at 52.96%, meaning that the company is very efficient in using its shareholders’ equity to generate profits.
Ulta is a go-to destination for beauty lovers of all ages and budgets. The company offers a wide variety of cosmetics, fragrance, and skincare products from both high-end and drugstore brands. Ulta is also known for its exceptional customer service, with knowledgeable and friendly employees who are always happy to help customers find the perfect product. The company’s focus on offering a great customer experience has resulted in a very loyal customer base, which has helped Ulta to become one of the leading beauty retailers in the United States.
– Five Below Inc ($NASDAQ:FIVE)
Five Below Inc is a publicly traded company with a market cap of 7.28B as of 2022. The company operates in the discount retail sector and specializes in selling products that are priced at $5 or less. The company has a strong focus on appealing to teenagers and young adults. The company’s return on equity (ROE) is 18.02%.
– O’Reilly Automotive Inc ($NASDAQ:ORLY)
O’Reilly Automotive Inc is a publicly traded company with a market capitalization of $46.28 billion as of March 2022. The company operates in the automotive aftermarket retailing industry and is headquartered in Springfield, Missouri, United States. O’Reilly Automotive Inc is engaged in the retailing of aftermarket automotive parts, tools, and supplies through its chain of stores in the United States. The company was founded in 1957 and its common stock is traded on the Nasdaq Global Select Market under the ticker symbol ORLY.
Summary
Bath & Body Works reported earnings results for the second quarter of FY2024, with total revenue amounting to USD 1559.0 million and net income of USD 99.0 million, both of which decreased from the same period in the previous year. Despite this, the stock price moved up on the same day, indicating investor confidence in the company. Analysts recommend investors research further into the company’s financials and earnings outlook before investing in order to ensure a good return on their investment. Given the company’s current performance, investors should be careful and consider any fluctuations in the stock price when deciding to buy or sell.
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