Bath & Body Works Analysts Cut Their Forecasts After Q2 Earnings
Bath & Body Works Analysts Cut Their Forecasts After Q2 Earnings
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. (紐交所: BBWI)報告了比預期更糟糕的第二季度銷售業績，併發布了FY24調整後的每股收益指引，其中點低於預期。此外，該公司發佈的第三季度每股收益指導低於預期。
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.
該公司報告了第二季度調整後的每股收益爲37美分，超過了分析師36美分的共識。季度銷售額爲15.26億美元（下降2.1%），低於15.43億美元的預期。
"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.
"我們正在利用我們敏捷的業務模式來應對動態的零售環境。我們準備通過我們的好、更好、最好的產品組合來滿足客戶的需求，提供價格合理的精心製作的產品和香氣。"Bath & Body Works的CEO Gina Boswell說。
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預計FY24淨銷售額將在下降4%至2%之間，低於之前預測的下降2.5%至零增長的區間。該公司還將調整後的每股收益預測修訂爲3.06美元至3.26美元，而原估值爲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.
公司的全年指導包括部署於股票回購的預計影響，金額爲$40000萬，比之前的預期增加了$30000萬。
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預計第三季度淨銷售額將保持平穩或增長2.5%，每股收益預計在41美分至47美分之間，而估值爲53美分。
Bath & Body Works shares dipped 7% to close at $32.29 on Wednesday.
Bath & Body Works股價週三下跌7%，收於32.29美元。
These analysts made changes to their price targets on Bath & Body Works following earnings announcement.
這些分析師在發佈盈利公告後對Bath & Body Works的目標股價進行了調整。
- 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分析師Mark Altschwager維持對Bath＆Body Works的優異評級，並將目標價從54美元降至45美元。
- 美國銀行證券分析師Lorraine Hutchinson維持該股票的買入評級，並將目標價從54美元下調至45美元。
- UBS分析師Jay Sole維持對Bath＆Body Works的中立評級，並將目標價從52美元降至38美元。
- 巴克萊分析師Adrienne Yih維持該股票的平權評級，並將目標價從32美元降至31美元。
- Raymond James分析師Olivia Tong維持對Bath＆Body Works的優異評級，並將目標價從51美元降至42美元。
Considering buying BBWI stock? Here's what analysts think:
考慮購買BBWI股票嗎？以下是分析師的看法：
