BATH & BODY WORKS Reports Q2 FY2024 Earnings Results for August 23 2023
September 6, 2023
🌥️Earnings Overview
BATH & BODY WORKS ($NYSE:BBWI) reported earnings results for the second quarter of FY2024, ending August 23 2023, on July 31 2023. Revenue was USD 1559.0 million, which was 3.6% lower than the same period in the previous year. Net income decreased year over year by 17.5%, amounting to USD 99.0 million.
Market Price
The stock opened at $34.4 and closed at $36.2, representing an increase of 3.7% from its previous closing price of $34.9. This was the first time in three months that the company’s stock experienced a positive change in value. Overall, the Q2 FY2024 results from BATH & BODY WORKS were positive, with their stock rising to levels not seen since before the pandemic.
This is a testament to the company’s resilience and their ability to navigate difficult times. Investors and executives alike can be optimistic about future performance, as long as the company continues to stay ahead of market trends and make strategic decisions. 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 believe that it is important to analyze the wellbeing of a company before investing in it. With that in mind, we have conducted a thorough analysis of BATH & BODY WORKS. According to our Star Chart, we have classified them as a ‘cow’, meaning that they are expected to pay out consistent and sustainable dividends. We believe that investors who are looking for steady dividend income may be interested in this company. Additionally, when looking at the specifics, our analysis shows that BATH & BODY WORKS is strong in dividend, medium in profitability and weak in asset and growth. On the other hand, BATH & BODY WORKS has a high health score of 8/10 with regard to its cashflows and debt. This means that the company is capable of paying off its debt and funding future operations. 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 their Q2 FY2024 earnings on July 31 2023, with total revenue of USD 1559.0 million and net income of USD 99.0 million. This represented a 3.6% drop in revenue and 17.5% in net income, year over year. As a result, the stock price of Bath & Body Works moved up on the same day. Investors may want to consider evaluating the company’s financial stability and risk profile before investing, as well as taking into account current market dynamics and trends.
Additionally, investors may want to look further into the company’s financial performance in recent quarters to gain deeper insight into future performance potential.
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