BBWI - Why Specialty Retailer Bath & Body Works' Stock Is Sliding Today | Benzinga
Bath & Body Works Inc (NYSE: BBWI) reported a third-quarter FY23 sales decline of 2.7% year-on-year to $1.562 billion, marginally beating the analyst consensus estimate of $1.560 billion.
Revenue from the U.S. and Canada stores decreased 1% Y/Y to $1.17 billion, International stores fell 5% to $77 million, while Direct sales (U.S. and Canada) declined 8% to $317 million.
Gross profit rose 0.6% Y/Y to $682 million with a margin of 43.7%. The operating margin was 14.1%, and ...