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7Bath & Body Works Q3 FY24 #EarningsReport Summary | $BBWI (-4.72%)
In Q3 FY24, Bath & Body Works faced a volatile retail environment but exceeded sales and EPS guidance. Strong performance was driven by innovation in core product lines and strategic agility in its predominantly U.S.-based supply chain. Despite challenges, the company raised its FY24 guidance.
📊 Income Statement Highlights (vs. Q3 FY23):
▫️Net Sales: $1.61B vs. $1.56B (+3.00%)
▫️Net Income: $106M vs. $119M (-10.92%)
▫️Adjusted Net Income: $106M vs. $110M (-3.64%)
▫️EPS: $0.49 vs. $0.52 (-5.77%)
▫️Adjusted EPS: $0.49 vs. $0.48 (+2.08%)
▫️Gross Profit: $700M vs. $682M (+2.64%)
▫️Operating Income: $218M vs. $221M (-1.36%)
▫️General and Administrative Expenses: $482M vs. $461M (+4.55%)
Revenue Breakdown:
▫️Stores (U.S. & Canada): $1.22B (+4.40%)
▫️Direct Sales (U.S. & Canada): $321M (+1.50%)
▫️International Sales: $69M (-11.11%)
💼 Balance Sheet Highlights (vs. October 28, 2023):
▫️Total Assets: $4.98B (-4.95%)
▫️Cash and Cash Equivalents: $191M (-53.64%)
▫️Inventories: $1.18B (-2.24%)
▫️Total Current Liabilities: $1.58B (+11.77%)
▫️Long-term Debt: $3.88B (-13.68%)
▫️Equity (Deficit): $(1.75B) vs. $(2.12B) (+17.64%)
🔮 Future Outlook:
Bath & Body Works raised its FY24 guidance to reflect strong Q3 results. Full-year net sales are expected to decline by 1.7%-2.5% due to a shorter fiscal calendar. EPS guidance was increased to $3.46-$3.59, supported by investments in marketing, technology, and supply chain efficiencies. The company aims for long-term growth driven by innovation, operational agility, and customer-centric strategies.
📣 All these stocks hit new 52 WEEK LOWS at some point today
📣 All these stocks hit new 52 WEEK LOWS at some point today
Boeing $BA (-0.32%)
Chevron $CVX (-0.65%)
Occidental $OXY (+1.53%)
Mobileye $MBLY
Bath & Body Works $BBWI (-4.72%)
Franklin Resources $BEN (-0.38%)
Cleveland Cliffs $CLF (-0.77%)
Conoco $COP (+2.48%)
Coterra $CTRA (-1.41%)
Devon Energy $DVN (+0.32%)
Estee Lauder $EL (+2.52%)
Equinor $EQNR (+1.32%)
GlobalFoundries $GFS (-1.39%)
Halliburton $HAL (+2.25%)
Hess $HES
Nucor $NUE (+0.19%)
Mosaic $MOS
Schlumberger $SLB (+2.58%)
Stellantis $STLAM (-1.64%)
Top Golf $MODG (-1.43%)
Dave & Bysters $PLAY

What we can expect next week:
Monday, June 3:
- S&P Flash U.S. Manufacturing PMI (May)
- Construction Spending (April)
- ISM Manufacturing (May)
- Quarterly reports from GitLab ($GTLB (-2.63%) ) and Science Applications International Corp. ($SAIC (+1.49%) )
Tuesday, June 4:
- Factory orders (April)
- Job offers (April)
- Quarterly reports from CrowdStrike Holdings ($CRWD (+1.63%) ), Hewlett Packard Enterprise ($HPE (+1.47%) ) and Bath & Body Works ($BBWI (-4.72%) )
Wednesday, June 5:
- S&P Flash U.S. Services PMI (May)
- ADP Private Sector Employment (May)
- ISM Services (May)
- Trade deficit USA (April)
- Quarterly reports from Lululemon Athletica ($LULU (+0.52%) ), Dollar Tree ($DLTR (-1%) ), Campbell Soup ($CPB (-1.39%) ) and Five Below ($FIVE (-4.2%) )
Thursday, June 6:
- Initial claims for unemployment benefit (week ending June 1)
- Quarterly reports from Samsara ($IOT ), Docusign ($DOCU (+0.17%) ), Nio ($NIO (+6%) ), J.M. Smucker ($SJM (-1.42%) ) and Vail Resorts ($MTN (-1.2%) )
Friday, June 7:
- Labor Market Report USA (May)
- Consumer Credit (May)
- Wholesale inventories (April)

Outlook for next week.
Monday
- Mizuho Financial Group ($MFG (+0.99%) ), XP Inc. ($XP (+5.71%) ), Sun Life Financial (SLF), Tyson Foods ($TSN (-1.4%) ) and AECOM ($ACM (-0.9%) ) present their quarterly reports are presented.
- Publication of the New York Fed Consumer Inflation Expectations (October).
Tuesday
- The Home Depot ($HD (-1.26%) ), Sumitomo Mitsui Financial Group ($8316 (+2.93%) ), Mitsubishi Financial Group ($8306 (+7.96%) ), Nu Holdings ($NU (+1.31%) ), Sea Limited ($SE (+0.97%) ) and Tencent Music Entertainment Group ($TME (-4.48%) ) report their quarterly results.
- Publication of the NFIB Small Business Optimism Index (October) and the Consumer Price Index (CPI) (October).
Wednesday
- Cisco Systems ($CSCO (-0.04%) ), TJX Companies ($TJX (-0.21%) ), Palo Alto Networks ($PANW (-1.77%) ), Target ($TGT (-1.07%) ), JD.com ($JD. (-0.58%) ), XPeng ($XPEV (+9.98%) ), Catalent ($CTLT ) and Tetra Tech ($TTEK (+0.75%) ) present their quarterly figures.
- Publication of the Producer Price Index
(PPI) (October), the New York Fed Empire State Manufacturing Index (November), the Business Inventories (September) and the Retail Sales (October).
Thursday
- Walmart ($WMT (+1.19%) ), Alibaba Group ($BABA (+2.04%) ), Applied Materials Inc. ($AMAT (+3.67%) ), NetEase Inc. ($NTES (+3.92%) ), Ross Stores ($ROST (-1.44%) ), Warner Music Group ($WMG (-0.97%) ), NICE Ltd. ($NICE (-0.02%) ), Bath & Body Works ($BBWI (-4.72%) ), The Gap Inc. ($GPS (-3.77%) ), Macy's ($M (-1.37%) ) and Spire Inc. ($SR (-0.75%) ) present their quarterly reports.
- Publication of the Industrial Production (October) and the National Association of Home Builders Housing Market Index (November).
Friday
- BJ's Wholesale Club ($BJ (-2.36%) ), Atkore Inc. ($ATKR (+0.87%) ) and Spectrum Brands Holdings ($SPB (-0.46%) ) present their quarterly figures.
- Deadline for funding of the US government.
- Publication of the Housing Starts (October).

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️
𝗡𝗲𝘂𝗲 𝗔𝗺𝗯𝗶𝘁𝗶𝗼𝗻𝗲𝗻 𝘃𝗼𝗻 𝗦𝗶𝗲𝗺𝗲𝗻𝘀 𝗛𝗲𝗮𝗹𝘁𝗵𝗶𝗻𝗲𝗲𝗿𝘀 / 𝗚𝗲𝘀𝘁𝗲𝗶𝗴𝗲𝗿𝘁𝗲𝘀 𝗨𝗺𝘀𝗮𝘁𝘇𝘇𝗶𝗲𝗹 / 𝗟𝗲𝗯𝗲𝗻 𝗶𝗻 𝗱𝗲𝗿 𝗦𝗮𝗻𝗱𝗯𝗼𝘅
𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅
As of today, among others, Chevron Corporation ($CHV (-0.65%)), Microsoft ($MSF (+0.1%)), SBA Communications ($SBJ (+1.79%)), Thomson Reuters ($TOCB) and Valero Energy ($V1L (-1.5%)) are trading ex-dividend.
𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈
Today, among others, Baidu ($B1C (+3.99%)), Bath&Body Works ($LTD0 (-4.72%)), Bilibili ($71BA (+3.33%)), Cisco Systems ($CIS (-0.04%)), Copart ($CO6 (-3.54%)), Experian ($EXPGY), Lowe's ($LWE (-1.21%)), Nvidia ($NVD (+1.46%)), SSE plc ($SCT (+0%)), Target Corporation ($DYH (-1.07%)), TJX Companies ($TJX (-0.21%)) and ZTO Express ($ZTOA (+2.22%)) presented their figures.
𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️
Siemens Healthineers ($SHL (+0.24%)) - Following the acquisition of U.S. cancer specialist Varian, Siemens Healthineers aims to grow significantly profitably in the medium term. The "New Ambitions" are to serve as a benchmark for the next three years starting in the next fiscal year 2022/23. For example, sales are to be increased by 6 to 8 percent annually, as well as 12 to 15 percent more adjusted earnings per share in each case. Previously, the forecast was somewhat lower, but with Varian, the radiation therapy provider acquired in the meantime, the targets are now more ambitious. For 2024/25, Varian is targeting an adjusted EBIT margin of over 20 percent.
Auto1Group ($AG1 (-0.54%)) - The parent company of Autohero and wirkaufendeinauto.de Auto1Group has again raised its sales target this year. In the current year, sales are expected to increase to 4.5 to 4.6 billion euros. In 2020, sales were still at 2.8 billion euros. The hard-hit stock of the online used car retailer was driven by strong quarterly figures and the annual sales forecast, which was raised again. After the IPO in February, the stock had fallen sharply from its record high of just under 57 euros to almost 28 euros. The Japanese technology investor Softbank ($SFT (+4.92%)) is currently the largest shareholder with 18 percent of the shares.
𝗖𝗿𝘆𝗽𝘁𝗼 💎
Sandbox - After four years of development, the Sandbox Metaverse Alpha launches on November 29. As virtual real estate and gaming company opens up part of its Metaverse to players for the first time via a multi-week play-to-earn (P2E) alpha event. Players can monetize time spent in the Metaverse via a P2E model. They can buy land in-game, create NFTs, and earn the Sandbox Token ($SAND/EUR (+3.33%)). The price of SAND reached a new all-time high of $3.42 today. In 2021, SAND experienced a meteoric rise, gaining 8663.5% in the last 12 months.
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