BATH & BODY WORKS Reports Second Quarter FY2024 Earnings Results on July 31 2023
August 27, 2023
🌥️Earnings Overview
On August 23 2023, BATH & BODY WORKS ($NYSE:BBWI) reported its second quarter earnings results for FY2024, ending July 31 2023. Total revenue for the quarter was USD 1559.0 million, a decline of 3.6% compared to the same period in the previous year. Net income for the quarter was USD 99.0 million, representing a decrease of 17.5% year over year.
Price History
Their stock opened at $34.4 and closed at $36.2, which is a 3.7% increase from the previous closing price of 34.9. This is a significant milestone for the company as it demonstrates that their business is continuing to grow and perform well despite the current economic challenges. The company attributed their success to strong customer demand, which has enabled them to expand their product range and reach new markets. They have also focused on streamlining their operations and optimizing their supply chain to reduce costs and increase efficiency. 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 provide comprehensive and detailed analysis of companies’ fundamentals — such as financials, risk assessment, and more. We recently took a closer look at BATH & BODY WORKS and found that it is a medium risk investment in terms of financial and business aspects, based on our Risk Rating. For a more granular view of BATH & BODY WORKS’s financial health, we have detected 2 risk warnings in their income sheet and balance sheet — but these may not necessarily be red flags. To find out more, register on GoodWhale.com and check out our complete analysis of the company. 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 earnings results for the second quarter of FY2024, with a total revenue of USD 1559.0 million and net income of USD 99.0 million. This represents a decrease of 3.6% and 17.5%, respectively, from the same period last year. The stock price increased on the same day, suggesting that investors remained bullish on the company’s performance. Going forward, investors should monitor how Bath & Body Works will respond to the challenges of the pandemic, as well as continue to assess their financials for any potential opportunities.
