Bath & Body Works To See More Comfort In Second Half Numbers With Further Improvement: Analysts
Bath & Body Works To See More Comfort In Second Half Numbers With Further Improvement: Analysts
Bath & Body Works, Inc. (NYSE:BBWI) recently reported its first-quarter FY24 results, in which inventories increased 5.6% year over year to $814 million.
Bath & Body Works公司（NYSE:BBWI）最近报告了其2024财年第一季度财报，其库存同比增长5.6%，达到8.14亿美元。
Here's a glimpse into analysts' reactions to the company's quarterly performance:
以下是分析师对该公司季度业绩的反应：
- Goldman Sachs analyst Kate McShane reiterated a Buy rating with a price forecast of $60.
- BMO Capital Market analyst Simeon Siegel reiterated the Outperform rating, raising the price forecast to $55 from $50.
- JP Morgan analyst Matthew R. Boss reiterated a Neutral rating with a price forecast of $53.
- BofA Securities analyst Lorraine Hutchinson reiterated Buy rating, with a price objective of $54.
- 高盛的分析师凯特·麦克肖恩重申买入评级，目标价为60美元。
- BMO资本市场的分析师西蒙·西格尔重申跑赢大盘评级，并将目标价从50美元上调至55美元。
- JP Morgan的分析师马修·R·博斯重申中立评级，并给出53美元的目标价。
- BofA证券的分析师Lorraine Hutchinson重申买入评级，目标价为54美元。
Goldman Sachs: According to the analyst, the top line came in above expectations, driven by continued newness. However, category trends were mixed, with strength in body care.
高盛：据该分析师称，总收入超出预期，这归因于持续的新产品推出。然而，类别趋势存在分歧，个别产品表现较好，如身体护理。
McShane reiterated the Buy rating even with a weighted guidance for the second half of the year, given the number of initiatives the company has for growth, including its robust pipeline of product ideas and newness and the rollout of category adjacencies.
即使公司下半年的加权指引可能不甚理想，麦克肖恩仍重申买入评级，原因在于公司迅猛增长的各项举措，包括大量新产品和类别邻近品类的推出。
BMO: Analyst Siegel highlighted questions surrounding the revenue decline the company would face as it laps its incredible pandemic strength.
BMO：分析师西格尔关注公司在逐渐逾越疫情造成的不可思议势头后，营业收入是否仍会下降。
However, the analyst said Bath & Body Works is progressing exactly as one would hope a turn would look, providing more comfort in 2H numbers and further improvement.
但该分析师认为，Bath & Body Works公司的步履正是我们所期望的，为2H的数据提供了更多的信心，并进一步改善了公司的表现。
This continues to suggest that the company is under-earning and its valuation trough should increase into the double-digit PE range.
这仍然表明公司存在低估，并且其市盈率将会增加到两位数的区间。
JP Morgan: Analyst Matthew R. Boss highlighted the combination of normalizing same-store-sales relative to pre-pandemic, coupled with high-single-digit comp growth.
JP Morgan:分析师Matthew R. Boss认为，相对于疫情前的同店销售，公司现在正回归正常增长，同时同店销售及营业收入将保持高单数增长。
In addition, management confirmed May AURs tracking "on plan" for Flat AUR expectations.
此外，管理层确认五月份实际平均单价（AUR）与预期相符，达到预计的水平。
BofA Securities: Following the quarterly results, the analyst trimmed the FY24 EPS estimate by 3% to $3.24 but modeled no change to the FY25 estimate of $4.
BofA证券：在季度财报之后，分析师将人均每股收益（EPS）预期下调3%至3.24美元，但预计2025财年的EPS将不变，为4美元。
Product newness is working, with body care growing LSD driven by men's, travel, lip, and Fine Fragrance Mist.
新产品的推出非常成功，身体护理系列以男性、旅行装、口红和优雅芳香喷雾为驱动增长。
Fine Fragrance Mist was a test and will now roll out to the entire fleet in the second half, the analyst adds.
优雅芳香喷雾经过试验，现在将在下半年推向整个零售渠道。
Continued growth in core categories and expansion in new adjacencies should drive positive total sales growth by the third quarter, Hutchinson adds.
Hutchinson补充道，核心类别的持续增长以及新邻近类别的拓展应该会推动总的营收增长于第三季度实现正增长。
Price Action: BBWI shares are trading higher by 3.74% to $46.86 at last check Wednesday.
股价：BBWI股票上涨3.74%，报46.86美元。
Photo via Wikimedia Commons
照片通过Wikimedia Commons