Bath & Body Works Analysts Cut Their Forecasts After Q2 Earnings
Bath & Body Works Analysts Cut Their Forecasts After Q2 Earnings
Bath & Body Works anticipates that its net sales for FY24 will decline between 4% and 2%, down from the previous forecast range of a 2.5% decline to no change. The company has also revised its adjusted EPS forecast to between $3.06 and $3.26, compared to the estimate of $3.26.Bath & Body Works, Inc. (NYSE:BBWI) reported worse-than-expected second-quarter sales results and issued FY24 adjusted EPS guidance with its midpoint below estimates. Also, the company issued third-quarter EPS guidance below estimates.
Bath & Body Works, Inc. (纽交所: BBWI)报告了比预期更糟糕的第二季度销售业绩，并发布了FY24调整后的每股收益指引，其中点低于预期。此外，该公司发布的第三季度每股收益指导低于预期。
The company reported the second quarter adjusted earnings per share of 37 cents, beating the analyst consensus of 36 cents. Quarterly sales of $1.526 billion (down 2.1%) missed the street view of $1.543 billion.
该公司报告了第二季度调整后的每股收益为37美分，超过了分析师36美分的共识。季度销售额为15.26亿美元（下降2.1%），低于15.43亿美元的预期。
"We are leveraging our agile business model to navigate the dynamic retail environment. We are poised to meet their demand through our good, better, best assortment, which offers exceptionally crafted products and fragrances at price points for everyone," Gina Boswell, CEO of Bath & Body Works, said.
"我们正在利用我们敏捷的业务模式来应对动态的零售环境。我们准备通过我们的好、更好、最好的产品组合来满足客户的需求，提供价格合理的精心制作的产品和香气。"Bath & Body Works的CEO Gina Boswell说。
Bath & Body Works anticipates that its net sales for FY24 will decline between 4% and 2%, down from the previous forecast range of a 2.5% decline to no change. The company has also revised its adjusted EPS forecast to between $3.06 and $3.26, compared to the estimate of $3.26.
Bath & Body Works预计FY24净销售额将在下降4%至2%之间，低于之前预测的下降2.5%至零增长的区间。该公司还将调整后的每股收益预测修订为3.06美元至3.26美元，而原估值为3.26美元。
The company's full-year guidance includes the anticipated impact of $400 million of cash deployed towards share repurchases, which is an increase from the prior expectation of $300 million.
公司的全年指导包括部署于股票回购的预计影响，金额为$40000万，比之前的预期增加了$30000万。
Bath & Body Works expects its third quarter net sales to remain flat to increase by 2.5%, with earnings per share projected to be between 41 cents and 47 cents, compared to the estimate of 53 cents.
Bath & Body Works预计第三季度净销售额将保持平稳或增长2.5%，每股收益预计在41美分至47美分之间，而估值为53美分。
Bath & Body Works shares dipped 7% to close at $32.29 on Wednesday.
Bath & Body Works股价周三下跌7%，收于32.29美元。
These analysts made changes to their price targets on Bath & Body Works following earnings announcement.
这些分析师在发布盈利公告后对Bath & Body Works的目标股价进行了调整。
- Baird analyst Mark Altschwager maintained Bath & Body Works with an Outperform and lowered the price target from $54 to $45.
- B of A Securities analyst Lorraine Hutchinson maintained the stock with a Buy and lowered the price target from $54 to $45.
- UBS analyst Jay Sole maintained Bath & Body Works with a Neutral and cut the price target from $52 to $38.
- Barclays analyst Adrienne Yih maintained the stock with an Equal-Weight and lowered the price target from $32 to $31.
- Raymond James analyst Olivia Tong maintained Bath & Body Works with an Outperform and lowered the price target from $51 to $42.
- Baird分析师Mark Altschwager维持对Bath＆Body Works的优异评级，并将目标价从54美元降至45美元。
- 美国银行证券分析师Lorraine Hutchinson维持该股票的买入评级，并将目标价从54美元下调至45美元。
- UBS分析师Jay Sole维持对Bath＆Body Works的中立评级，并将目标价从52美元降至38美元。
- 巴克莱分析师Adrienne Yih维持该股票的平权评级，并将目标价从32美元降至31美元。
- Raymond James分析师Olivia Tong维持对Bath＆Body Works的优异评级，并将目标价从51美元降至42美元。
Considering buying BBWI stock? Here's what analysts think:
考虑购买BBWI股票吗？以下是分析师的看法：
