Stock Analysis

Bath & Body Works Third Quarter 2023 Earnings: Beats Expectations

NYSE:BBWI
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Bath & Body Works (NYSE:BBWI) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$1.60b (down 4.6% from 3Q 2022).
  • Net income: US$91.0m (down 49% from 3Q 2022).
  • Profit margin: 5.7% (down from 11% in 3Q 2022).
  • EPS: US$0.40 (down from US$0.67 in 3Q 2022).
earnings-and-revenue-growth
NYSE:BBWI Earnings and Revenue Growth November 18th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bath & Body Works Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 111%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are up 13% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Bath & Body Works (1 can't be ignored!) that you need to take into consideration.

Valuation is complex, but we're here to simplify it.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.