BBWI - Bath & Body Works rises on dividend announcement

2023-08-07 13:32:39 ET

Bath & Body Works, Inc. ( NYSE: BBWI ) rose 4% on Monday, continuing Friday’s rally after the company announced a dividend.

The Columbus-based retailer declared on August 4 its regular quarterly dividend of $0.20 per share payable on September 1 to shareholders of record at the close of business on Aug. 18, 2023.

Last month, Bath & Body Works ( BBWI ) announced the appointment of Eva C. Boratto as chief financial officer, effective August 1. Boratto most recently served as chief financial officer of Opentrons Labworks, a privately-held life sciences company.

For the first quarter, BBWI said net sales of $1.396B, a decrease of 4% compared to net sales of $1.450B for previous year. Diluted share of $0.35 compared to $0.64 for the same period of the prior year.

At the time, the company updated its full-year forecast to reflect a better-than-expected bottom line.

BBWI reports second quarter earnings on August 23 before the open.

BBWI is down 8.6% so far this year and up 3% over the past 12 months.

More on retailers:

• Bath & Body Works declares $0.20 dividend
• Bath & Body Works: A High-Quality Business Model But With No Upside
• Urban Outfitters upped to Buy, Capri cut to Hold at Morgan Stanley

For further details see: