BBWI - Bath & Body Works Non-GAAP EPS of $0.33 beats by $0.07 revenue of $1.4B beats by $10M
2023-05-18 06:03:05 ET
- Bath & Body Works press release ( NYSE: BBWI ): Q1 Non-GAAP EPS of $0.33 beats by $0.07 .
- Revenue of $1.4B (-3.4% Y/Y) beats by $10M .
- For fiscal 2023, the company reiterates its forecast of flat net sales to a mid-single digit decline compared to $7.560 billion in 2022. The company now expects full-year 2023 earnings per diluted share to be between $2.70 and $3.10, compared to $3.40 in 2022. The company expects full-year 2023 adjusted earnings per diluted share to be between $2.68 and $3.08. The company’s adjusted earnings per diluted share forecast excludes the gain on the early extinguishment of debt associated with the open market repurchase and retirement of $84 million principal amount of the company’s senior notes during the first quarter.
- The company expects second quarter net sales to decline low- to mid-single digits compared to $1.618 billion in the second quarter of 2022. Second quarter earnings per diluted share are expected to be between $0.27 and $0.32, compared to $0.52 earnings per diluted share in the second quarter of 2022.
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Bath & Body Works Non-GAAP EPS of $0.33 beats by $0.07, revenue of $1.4B beats by $10M