Bath & Body Works, Inc. ( (BBWI) ) has released its Q4 earnings. Here is a breakdown of the information Bath & Body Works, Inc. presented to its investors.
Bath & Body Works, Inc. is a global leader in personal care and home fragrance, offering a wide range of products including fine fragrance mists, body lotions, and home fragrance diffusers, with a strong presence in the U.S. and international markets.
Bath & Body Works announced its financial results for the fourth quarter and full-year of 2024, showcasing a solid performance that exceeded expectations. The company reported net sales of $2.8 billion for the fourth quarter and earnings per diluted share of $2.09, both surpassing the guidance provided earlier.
Key highlights from the earnings report include a 4.3% decrease in fourth-quarter net sales due to a shifted fiscal calendar, yet the company managed to maintain strong traffic and conversion rates. For the full year, net sales slightly decreased by 1.6% to $7.3 billion, while earnings per diluted share were $3.61. The company also announced a new $500 million share repurchase program, reflecting confidence in its financial health.
Looking ahead, Bath & Body Works provided guidance for 2025, anticipating net sales growth of 1% to 3% and earnings per diluted share between $3.25 and $3.60. The company aims to continue its momentum through product innovation, enhanced marketing, and international expansion.
As Bath & Body Works enters 2025, the company remains optimistic about its growth prospects, despite challenges in the retail sector. The management is focused on leveraging its strengths to drive further success and shareholder value.