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.（紐約證券交易所代碼：BBWI）公佈的第二季度銷售業績低於預期，併發布了24財年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引低於預期。
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.
該公司公佈的第二季度調整後每股收益爲37美分，超過了分析師共識的36美分。季度銷售額爲15.26億美元（下降2.1％），未達到15.43億美元的街景。
"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.
“我們正在利用敏捷的商業模式來駕馭動態的零售環境。Bath & Body Works首席執行官吉娜·博斯韋爾說，我們準備通過優質、更好、最好的產品系列來滿足他們的需求，這些產品和香水價格合理，適合所有人。
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，其24財年的淨銷售額將下降4％至2％，從之前預測的下降2.5％降至無變化。該公司還將調整後的每股收益預測上調至3.06美元至3.26美元之間，而估計爲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.
該公司的全年指引包括用於股票回購的4億美元現金的預期影響，這比之前預期的3億美元有所增加。
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，其第三季度的淨銷售額將保持平穩，增長2.5％，每股收益預計在41美分至47美分之間，而預期爲53美分。
Bath & Body Works shares dipped 7% to close at $32.29 on Wednesday.
週三，Bath & Body Works股價下跌7％，收於32.29美元。
These analysts made changes to their price targets on Bath & Body Works following earnings announcement.
業績公佈後，這些分析師調整了Bath & Body Works的目標股價。
- 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.
- 貝爾德分析師馬克·阿爾特施瓦格維持Bath & Body Works的跑贏大盤，並將目標股價從54美元下調至45美元。
- b of A 證券分析師洛林·哈欽森維持該股買入，並將目標股價從54美元下調至45美元。
- 瑞銀分析師傑伊·索爾將Bath & Body Works維持在中性水平，並將目標股價從52美元下調至38美元。
- 巴克萊分析師艾德麗安·葉將該股維持在同等權重，並將目標股價從32美元下調至31美元。
- 雷蒙德·詹姆斯分析師奧利維亞·湯維持Bath & Body Works的跑贏大盤，並將目標股價從51美元下調至42美元。
Considering buying BBWI stock? Here's what analysts think:
考慮購買 BBWI 股票？以下是分析師的想法：
