From Nasdaq: 2024-06-03 23:21:04

Bath & Body Works stock (NYSE: BBWI) is expected to report lower revenues and earnings in its fiscal first-quarter results on June 4. Despite a 20% increase in stock price this year, the outlook is uncertain with declining foot traffic and inflation concerns. Investments in technology and store expansions may drive long-term growth.
For Q1, sales are expected to decline 4.5%-2.0% y-o-y, with earnings forecasted at $0.28-$0.33 per share. Full-year 2024 profit is anticipated at $3.00-$3.35 per share with $300 million for share repurchases. BBWI stock has seen varied returns over the past few years, underperforming the S&P 500 in 2022 and 2023.
Trefis estimates BBWI’s Q1 2024 revenues at approximately $1.3 billion, below consensus. Net sales for 2023 were down 1.7% y-o-y at $7.43 billion. Earnings per share for Q1 are forecasted at 30 cents, lower than consensus estimates. Valuation indicates a price target of $46 per share, almost 11% lower than current levels.



Read more at Nasdaq: Gaining 20% This Year, Will Bath & Body Works Rally Further After Q1 Results?