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Based in Columbus, Ohio, Bath & Body Works, Inc. (BBWI) is a leading specialty retailer renowned for its extensive range of personal care, home fragrance, and beauty products. Known for its innovative scents and high-quality formulations, Bath & Body Works offers a variety of products, including body lotions, candles, hand soaps, and sanitizers. With a market cap of $7.63 billion, Bath & Body Works is recognized for its vibrant brand, customer-centric approach, and commitment to providing an exceptional shopping experience. BBWI is set to announce its fiscal Q2 earnings results before the market opens on Wednesday, Aug. 28.
Ahead of the event, analysts expect BBWI to report a profit of $0.36 per share, down 10% from $0.40 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. Its adjusted earnings of $0.38 per share for the last quarter exceeded the consensus estimate by 15.2%.
For fiscal 2024, analysts expect BBWI to report EPS of $3.29, up marginally from $3.27 in fiscal 2023.
BBWI stock is down 20.8% on a YTD basis, underperforming the broader S&P 500 Index's ($SPX) 14.5% gains and the Consumer Discretionary Select Sector SPDR Fund’s (XLY) 2.1% returns over the same time frame.
BBWI exceeded analysts' expectations in Q1. However, shares of Bath & Body Works fell 10.7%, with earnings forecasts for the next quarter and the full year missing estimates.
The consensus opinion on BBWI stock is optimistic, with an overall “Moderate Buy” rating. Out of 18 analysts covering the stock, seven advise a “Strong Buy” rating, two suggest a “Moderate Buy” rating, and nine recommend a “Hold.” BBWI's average analyst price target is $51, indicating a potential upside of 49.3% from the current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
