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.
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Bath & Body Works rises on dividend announcement