Very nice quarter here and congratulations on the separation. And as we delineated in our prepared remarks, we are also seeing some inflationary pressures that will impact our margin as well. Your line is open. I was wondering if maybe you could talk about product category expansion at BBW, particularly as it relates to beauty when you would expect to maybe start expanding more into beauty and then also in the other categories. As with all our articles, AlphaStreet, Inc. does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the companys SEC filings. Toast - Financials - Quarterly Results Thanks for the question. Yes. And how we should think about, if you have any way for us to think about the standalone business and the financials and any comment you got about how Q3 started? So on the category side, youre right to infer that home fragrance continues to be strong and in the second quarter, where we saw the decline in soaps and sanitizers, obviously, that was true. BBWI - Bath & Body Works, Inc. - Yahoo Finance Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. We provide access to our media gallery and blog articles. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. So again, that guidance that weve provided of up 40% to 45% on a two-year basis for Q3 is a forecast that we feel very good about at this point. News Releases | Krispy Kreme, Inc. All Rights Reserved, $refs.close.focus());" @closesearch.window="show=false;" x-show="show" x-transition:enter="transition ease-out duration-300" x-transition:enter-start="-translate-y-full" x-transition:enter-end="translate-y-0" x-transition:leave="transition ease-in duration-300" x-transition:leave-start="translate-y-0" x-transition:leave-end="-translate-y-full">, Committee Charters and Governance Materials, Notice of Settlement of Shareholder Derivative Actions, Do Not Sell or Share Personal Information (Certain States), Limited the Use of My Sensitive Personal Information (California), Bath & Body Works Holiday Store Walkthrough, Supplemental Investor Presentation - DO Reporting. Great. The next question comes from Steph Wissink with Jefferies. S&P 500 . We strive to create an inclusive culture for our associates and our customers. The fourth quarter is extremely important to us in terms of cash flow generation. The company ended second-quarter fiscal 2021 with cash and cash equivalents of $1,987.8 million, inventories of $1,472.9 million, long-term debt of $5,937.6 million and shareholder deficit of $1,187.8 million.During the second quarter, the company purchased 14.4 million shares $1.03 billion. We plan to end this call shortly before 9:30 in order to allow you to join the Victorias Secrets earnings call. Thanks for taking my question. Als u uw keuzes wilt aanpassen, klik dan op 'Privacyinstellingen beheren'. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this report or otherwise made by our company or our management: We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this report to reflect circumstances existing after the date of this report or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. We will be testing those, as we had discussed prior in both a organic internal development way, as well as partnering with third-party brands to sell in our stores to understand which of those categories might emerge as something that the Bath & Body Works customer has the most interest in. To view a list of securities that are subject to delisting, including those that continue to be traded pending appeal, please click here. Comparable sales went up 5% from second-quarter fiscal 2019 figures. See the company profile for Bath & Body Works, Inc. (BBWI) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and . Sales in this business declined 9.6% compared with second-quarter fiscal 2019s level, due to the closures of 240 stores.Victorias Secret comparable sales fell 9% year on year, while comparable store sales improved 16%. And congrats on a nice quarter. The next question comes from Roxanne Meyer with MKM Partners. Your line is open. Our customers span the three key segments of the capital markets: public companies, investors, and banks, representing a $20 billion TAM. Hopefully that helps. Zacks earnings numbers are reported on a BNRI (Before Non Recurring Items) basis and include stock option expenses where possible. According to the issued ratings of 20 analysts in the last year, the consensus rating for Bath & Body Works stock is Hold based on the current 1 sell rating, 9 hold ratings and 10 buy ratings for BBWI. 30+ years. That's why we're passionate about our people, our product and our planet. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Data Provided by Refinitiv. Sales at Victorias Secret International were $108 million, which declined 40% from the same period in fiscal 2019. *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Bath & Body Works Announces CEO Transition - GlobeNewswire Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. dvelopper et amliorer nos produits et services. Bath & Body Works, Inc. will conduct its fourth quarter earnings call tomorrow, Feb. 24 at 9:00 a . Yeah. Our next question comes from Susan Anderson with B. Riley. The market cap of a . While we're proud of our +2,650 customers, this represents only 6% of the global corporate market, leaving a tremendous opportunity for growth. Copy and paste multiple symbols separated by spaces. Bath & Body Works Insider Trading Activity 2023 (NYSE:BBWI) - MarketBeat Commentary 210.6 KB. Thanks, Matt. Creating products you love and believe in. Good morning. Year to date, the company bought back 17 million shares for $1.19 billion. Im grateful to all of our associates for their contributions to the success of our business, as we look forward to capturing the opportunities ahead and we wish the Victorias Secret business and associates well, as they embark on their journey as a standalone public company. Today, these fragrant products can be purchased at more than 1,750 company-operated Bath & Body Works locations in the U.S. and Canada, and more than 300 international franchised locations, as well as on bathandbodyworks.com. Fragrance You Can Celebrate Year to date, the company has closed 11 stores. 703-682-6399 invest@aes.com Second-quarter total results issued by the company include results from Victorias Secret & Co. VSCO.Bath & Body Works and Victorias Secret were formerly parts of L Brands Inc., which split itself into two separate publicly-traded companies to thrive better in an evolving retail landscape. Okay. Learn about our policies and approach to product sourcing, safety, ingredients and more. And then also, Im not sure if you mentioned AUR versus unit sales in the quarter. Nous, Yahoo, faisons partie de la famille de marques Yahoo. You can sign up for additional alert options . Quarterly Reports Archive Show all. We are continually working to reduce our carbon footprint and improve our packaging to make long-term positive changes for everyones benefit. Learn more about our business practices. You may also review press releases, news articles and more. The Bath & Body Works segment operating income in the second quarter was $431 million, an increase of 135%, or $247 million compared to 2019, and an increase of 24%, or $82 million compared to last year. NYSE: BBWI. Good morning. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Direct sales increased 26% year on year, while comparable store sales declined 3%. Gross margin came in at 45.2%, up 1,110 basis points (bps) year on year. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Thank you. We're dedicated to crafting fragrances and formulas our customers can trust. Please be advised that todays conference is being recorded. Read our earnings report guide before you consider the forecast information when making investment decisions. Thanks. Thanks. We will have the Bath & Body Works operating segment that weve reported extensively historically. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Bath & Body Works total sales increased 36% year over year to $1,703.7 million. In terms of the soap and sanitizer business, as we think about that, as we mentioned in our prepared remarks, it did decline on a one-year basis in Q2 of this year. Bath & Body Works in the News | Bath & Body Works, Inc. Investor Relations | Bath & Body Works, Inc. Thank you very much. Nexstar Media Group, Inc. will host a conference call and webcast at 10:00 a.m. And then, Wendy, just the $600 million cash in escrow, can you just explain exactly what that is and whats going on there? So again, lots of different things in the pipeline. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. In the interest of time and consideration to others, please limit yourself to one question. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Events & Presentations | NetApp Investor Relations - Q4 Inc. And then just as a follow up, could you provide some color on whats assumed in the guidance in terms of sales for the core sanitization categories? Bath & Body Works, Inc. (BBWI) Earnings Report Date | Nasdaq Presentation title here and can run to two lines 24pt Market Cap / Employee. Next question, please. Bath & Body Works Appoints Heather Hollander Vice President, | BBWI In certain circumstances, securities with respect to which the relevant exchange has commenced delisting proceedings may continue to be traded pending appeal of that determination. MarketBeat Week in Review - 5/22 - 5/26 . Unfortunately, thats all the time we have this morning. The top line increased 14.3% from second-quarter fiscal 2019 levels.Comparable sales declined 16%, while comparable store sales fell 9% year on year.Gross profit amounted to $1,498 million during the quarter, up from $711.5 million in the year-ago period. 1Q23 Earnings Presentation 8.4 MB. Investment Style Mid Value Day Range 585.20 - 585.20 Year Range 540.60 - 941.76 Market Cap 133.9819 Bil Volume / Avg 1,001.0 / 582.2 Price / Sales 1.01 Price / Book Forward Div Yield 2.48%. You must click the activation link in order to complete your subscription. The average twelve-month price prediction for Bath & Body Works is $46.45 with a high price target of $61.00 and a low price target of $37.00. Webcast. As a matter of formality, I need to remind you that any forward-looking statements we may make today are subject to our safe harbor statements found in our SEC filings and in our press releases. Your line is open. August 19, 2021 Bath & Body Works Inc. (NYSE: BBWI) Q2 2021 earnings call dated Aug. 19, 2021 Corporate Participants: Wendy Arlin Chief Financial Officer Andrew Meslow Chief Executive Officer Amie Preston Senior Vice President of Investor Relations Analysts: Kimberly Greenberger Morgan Stanley Analyst Matthew Boss J.P. Morgan Analyst We provide access to our media gallery and blog articles. Learn how we create a supportive environment focused on our people. We're dedicated to crafting fragrances and formulas our customers can trust. We innovate to outpace cyberthreats, so organizations can embrace technology with confidence. Yes. Direct sales during the second quarter increased 128% from the figure . annual revenue for 2022. In terms of your question on AUR, so AUR on a two-year basis for the business up over 20%, and units up a comparable amount on a two-year basis. In terms of our plans for the fall season, we as we announced today, were executing a tender offer for the $500 million. And again, as we get to the end of the holiday period, well work with our Board of Directors to determine capital allocation prospectively. Quarterly gross margin re expected to rise 100-150 bps from third-quarter fiscal 2019 tally. Data Provided by Refinitiv. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. And so typically, as this business looks to Q3, its a period of cash usage for us as we build our inventory going into the fourth quarter. Additional information regarding these and other factors can be found in Item 1A. Thanks, Omar. Next question, please. Our second quarter results include the Victorias Secrets business. Contact Investor Relations; Show all. Two quick ones. Learn more about our business practices. We strive to create an inclusive culture for our associates and our customers. And let me add my congratulations on a really strong quarter and congrats on the separation. My question is on free cash flow. It expects to close about 20-40 stores during fiscal 2021, mainly in malls. COLUMBUS, Ohio, May 12, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today the declaration of its regular quarterly dividend of $0.20 per share payable on June 16, 2023 . Contact Investor Relations | Bath & Body Works, Inc. And Im not sure history is the best guide here just given that the business has grown so much as you look at it over a multiyear basis. The Childrens Place, Inc. PLCE, sporting a Zacks Rank #1, has a long-term earnings growth rate of 8%. We are thrilled to have reached this milestone and to launch Bath & Body Works as a standalone company. Net revenues were $7.7 billion, down 17.4% year-over-year. Thanks. Total Victoria's Secret stores include 695 Victorias Secret, 143 PINK, 24 Victorias Secret Canada, two PINK Canada, 36 Victorias Secret Beauty and Accessories as well as 26 Victorias Secret China stores.Total partner-operated stores were 767, including 305 Bath & Body Works, 106 Victorias Secret, 17 PINK and 195 Victorias Secret Beauty & Accessories. We strive to create an inclusive culture for our associates and our customers. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this presentation or made by our company or our management involve International stock quotes are delayed as per exchange requirements. Making the world a brighter, happier place through the power of fragrance. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Maybe get a little bit more detail around home fragrance. DOW . So to the second part of your question in terms of how the quarter has gotten started and our guidance for the third quarter, as we said in our prepared remarks, the first couple of weeks of August, weve been very satisfied with, and those results are incorporated in our forecast. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Your line is open. This is Sydney on for Steph. BBWI | Bath & Body Works Inc. Financial Statements - WSJ Innovation remains at the foundation of Bath & Body Works. The Zacks Consensus Estimate for third-quarter fiscal 2021 earnings is currently pegged at 55 cents per share.The company expects third-quarter fiscal 2021 sales to rise in the bracket of 40-45% from third-quarter fiscal 2019 levels. I wanted to follow up on the category discussion. View BBWI financial statements in full. Great. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Financial Releases | Bath & Body Works, Inc. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Source: FactSet. Obviously, 2022, much like 2021 will be an interesting year as we lap extraordinary results. This transcript is produced by AlphaStreet, Inc. Learn about our policies and approach to product sourcing, safety, ingredients and more. If you are unable to participate during the live webcast, the call will also be archived on our website here. Q1 Earnings. Learn more about our business practices. In addition, we have about $770 million remaining on our $1.5 billion authorization that we announced in July. Year: Submit. Investor Relations More events are coming soon. As a result, by the end of the year, the company anticipates 47% of its stores to be in off-mall locations and 58% will be in White Barn store design.In respect of Bath & Body Works international, the company currently operates 305 stores and 24 online sites across 35 countries. And especially any signs on what the new customers at the franchise attracted? So again, we continue to see higher and higher ratios of our customers performing in those two ways. $37.88. Breakout Biotech Stocks with Triple-Digit Profit Potential. Bath & Body Works to Report First Quarter Financial - GlobeNewswire Large and Growing TAM. At this time, wed be happy to take any questions if you might have. But again, those are two weeks out of 13 weeks and relatively small weeks relative to the overall quarter. So one, after seeing a year in 2020 where we actually saw fewer customers than we had in the prior year because of the 90-day closure of all of our stores in the first half of 2020, we have now seen four quarters in a row of customer growth. Investor Relations . Bowlero Corp. is the global leader in bowling entertainment, media, and events. Bath & Body Works Board of Directors Sends Letter to Shareholders Highlighting Transformative Value-Creating Actions and Responding to Third Point's Potential Proxy Contest So that would potentially imply upside to the up 40% to 45% that weve guided at quarter two. And so on a rolling 12 basis, were now up in customers pretty significantly to where we had finished the year in 2019 and obviously in 2020. Great. About Nav; Thank you. Events & Presentations Stock Quote: Volume: 2:42 AM : Jun 17, 2023. So Id say what were planning to do is well get through the important fourth quarter period to generate cash. Skip to main content. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Again, as expected, it declined year-over-year, where last year it was experiencing explosive growth. Written by Your line is open. Excuse me. [Operator Instructions]. Sure. Data Provider:Zacks Investment Research. Joining me on the call today are CEO, Andrew Meslow; and SVP of Investor Relations, Amie Preston. Hi. COLUMBUS, Ohio, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (formerly known as L Brands, Inc.) (NYSE: BBWI) today announced that Andrew Meslow will step down as Chief Executive. Creating products you love and believe in. Type a symbol or company name. It also anticipates opening 55 new off-mall store locations in North America. Bath & Body Works Announces CEO Transition - Yahoo Finance Bath & Body Works, Inc. (BBWI) Q4 2022 Earnings Call Transcript So our intent is to execute that $770 million over the fall season in a balanced way. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Investors Overview - Palo Alto Networks We will go to Andrew first. Making the world a brighter, happier place through the power of fragrance. Turning to our second quarter performance, we delivered record results, and we could not have done so without the continued hard work and commitment of all of our associates and partners. We would expect that it will normalize somewhere in the mid-teens and thats consistent with what weve seen here through the first two quarters of the year.