Bath & Body Works(BBWI)
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Bath & Body Works: My Top Turnaround Stock Going Into 2025
Seeking Alpha· 2024-09-18 01:15
I am an individual value investor pursuing a bachelor's degree in Finance at Florida State University with the goal of attaining my CFA. I have a distinct passion for equity research and fundamental analysis. Regarding my approach, I have been highly influenced by Tom Hayes, Founder, Chairman and Managing Member of Great Hill Capital, LLC.My approach to stocks is quite simple. Find fantastic companies that are selling below their intrinsic value. Look for durable, sustainable, wide moat businesses that are ...
Bath & Body Works Recruits More Than 30,000 New Seasonal Associates Ahead of Holidays
Prnewswire· 2024-09-13 04:11
New Roles in Stores and Distributions Centers across US, Canada and Puerto Rico COLUMBUS, Ohio, Sept. 12, 2024 /PRNewswire/ -- Bath and Body Works will hire 30,000 new seasonal associates at its more than 1,800 stores in the US, Canada and Puerto Rico and 2,700 distribution center associates for its four central Ohio distribution centers. As a retailer focused on delivering a best-in-class shopping experience through convenience, service and a selection of high-quality fragrances at the right price points ...
A Look At Bath & Body Works: An Undervalued Retailer With Potential
Seeking Alpha· 2024-09-10 22:38
Brett_Hondow Hey there, Seeking Alpha readers! In this article, I examine an undervalued company with a narrow economic moat in the retail space. I think it at least deserves a look - or perhaps I should say a sniff! That company is Bath & Body Works, Inc. (NYSE:BBWI). About Bath & Body Works Bath & Body Works is more than a retailer; it's a brand that has woven itself into the fabric of our lives and is known by almost anyone in North America. But what truly sets Bath & Body Works apart is its product port ...
Bath & Body Works, Inc.: Not Expecting Growth Recovery Anytime Soon
Seeking Alpha· 2024-09-10 22:26
Brett_Hondow Summary I am neutral on Bath & Body Works Inc. (NYSE:BBWI). My summarized thesis is that the near-term outlook is bleak with no positive catalysts that I foresee will drive a strong growth recovery. The reason I am not assigning a sell rating to the stock is because valuation has already suffered greatly, dropping from 14x to 8x forward PE in just two months. At 8x, it is at the low end of BBWI 10-year trading history, suggesting little room for further decline. Company overview BBWI is a s ...
Bath & Body Works Analysts Cut Their Forecasts After Q2 Earnings
Benzinga· 2024-08-29 21:15
Bath & Body Works, Inc. 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.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."We are leveraging our agile business model to navigate the dynamic retai ...
Bath & Body Works Rebound Ahead? Why Analysts Remain Optimistic
MarketBeat· 2024-08-29 19:30
It’s been a tough year for Bath & Body Works NYSE: BBWI. So far, in 2024, the home fragrance, body care, and soap retailer founded in Columbus, Ohio, has seen its shares fall around 24%. That is in stark contrast to the modestly growing but still positive consumer discretionary sector. The Consumer Discretionary Select Sector SPDR Fund NYSEARCA: XLY is up around 4% this year.Bath & Body Works TodayBBWIBath & Body Works$32.28 -2.44 (-7.03%) 52-Week Range$27.30▼$52.99Dividend Yield2.48%P/E Ratio8.32Price Targ ...
Bath & Body Works(BBWI) - 2025 Q2 - Quarterly Report
2024-08-29 05:26
财务表现 - 2024年第二季度合并净销售额为15.26亿美元,同比下降2.1%[65] - 2024年第二季度营业利润为1.83亿美元,同比下降3%[65] - 2024年累计净销售额下降4500万美元,下降1.5%,达到29.10亿美元[79] - 毛利润增加1500万美元至12.33亿美元,毛利率从41.2%提升至42.4%[79] - 销售费用增加1200万美元,占净销售额的17.5%,较上年增加0.7个百分点[80] - 总经营费用增加1400万美元,占净销售额的29.6%,较上年增加0.9个百分点[81] - 利息费用下降1600万美元至1.59亿美元,主要由于平均每日借款减少[82,83] - 其他收入增加1600万美元至6100万美元,主要由于出售Easton投资产生3900万美元收益[84] - 所得税有效税率从24.7%下降至12.1%,主要由于出售Easton投资导致递延税资产估值准备转回[85] 成本优化 - 公司正在通过成本优化计划实现每年2.8亿美元的成本节约,其中2023财年实现1.5亿美元,2024财年预计再实现1.3亿美元[66] 未来展望 - 公司预计下半年将继续面临压力,但将专注于精准执行、为客户带来新产品以及发挥自身的价值主张[67] - 公司将继续投资于产品和营销以提升客户价值,并投资于基础工具和系统以提升客户参与度和购物体验[67] 渠道表现 - 2024年第二季度直销渠道净销售额下降9.7%,主要由于客户选择门店自提服务以及网站流量下降[73] - 2024年第二季度国际业务净销售额增长2.2%,主要由于产品发货量增加[73] 毛利率及费用 - 2024年第二季度毛利率为41.0%,同比提升110个基点,主要由于商品毛利率提升和采购及租金成本下降[74] - 2024年第二季度一般、行政及门店运营费用率为29.1%,同比上升130个基点,主要由于营销投入增加和员工工资上涨[74] 资本支出及股票回购 - 公司计划2024年资本支出为2.5亿美元,主要用于门店投资和技术升级[90] - 公司在2024年累计回购5763万股股票,总金额为2.49亿美元[93,94] - 公司在2024年8月宣布了第三季度2024年普通股股息为每股0.20美元[98] - 公司在2024年第二季度和2024年年初至今分别回购并偿还了9100万美元和2亿美元的优先票据本金[99] 财务状况 - 公司在2024年8月3日的可用ABL信贷额度为6.51亿美元[101] - 公司在2024年8月3日的信用评级为Moody's Ba2和S&P BB[101] - 公司在2024年年初至今的净销售额为27.67亿美元[105] - 公司在2024年年初至今的净收入为1.64亿美元[105] - 公司在2024年8月3日和2024年2月3日的流动资产分别为20.13亿美元和25.45亿美元[103] - 公司在2024年8月3日和2024年2月3日的非流动资产分别为25.16亿美元和25.54亿美元[103] - 公司在2024年8月3日和2024年2月3日的流动负债分别为27.12亿美元和29.35亿美元[103] - 公司在2024年8月3日和2024年2月3日的非流动负债分别为50.20亿美元和56.50亿美元[103] 风险管理 - 公司投资组合主要由短期利息收益工具组成,主要目标是保本、维持流动性和最大化利息收益[111] - 公司截至2024年8月3日的所有未偿债务均为固定利率[111] - 公司定期调整利率风险敞口,通过利率互换安排来限制利率变动的影响[111] - 公司认为账面值与公允价值接近,因为到期期限较短[113] - 公司维持与多家主要金融机构的现金及衍生工具交易,并限制单一实体的信用风险敞口[113] - 公司的投资组合主要由美国政府债券、美国国库券和AAA级货币市场基金、商业票据和银行存款组成[113] 法律合规 - 公司管理层认为当前法律诉讼不会对经营业绩、财务状况或现金流产生重大不利影响[114] - 公司已就两起有关信用卡交易法案的集体诉讼达成和解,预计不会对经营产生重大不adverse影响[115] - 公司的披露控制和程序被评估为有效,可确保及时披露所需信息[113] - 公司在第二季度内部控制未发生重大变化,不会对内部控制产生重大影响[113]
Bath & Body Works Offered a 'Prudent' Outlook. Its Shares Are Falling
Investopedia· 2024-08-29 01:16
Key TakeawaysBath & Body Works expects net sales to fall between 2% and 4% this year, worse than its previously offered guidance.CEO Gina Boswell called the lower range "prudent" amid challenging consumer spending trends.The retailer also missed expectations with its second-quarter net sales. Bath & Body Works (BBWI) shares sank after the company slashed its 2024 guidance and missed expectations with its second-quarter sales. The body and fragrance product retailer on Wednesday said it expects net sales to ...
Bath & Body Works(BBWI) - 2024 Q2 - Earnings Call Transcript
2024-08-29 01:03
财务数据和关键指标变化 - 第二季度净销售额为15亿美元,同比下降2.1% [30] - 第二季度毛利率为41%,同比增加110个基点,连续第四个季度毛利率扩张 [32] - 第二季度经营利润为1.83亿美元,同比下降2.7% [33] - 第二季度调整后每股收益为0.37美元,超出公司指引 [30] 各条业务线数据和关键指标变化 - 家居香氛和身体护理销售额同比下降低个位数,洗手液和消毒剂销售额同比下降中个位数 [23] - 男士护理业务是第二季度增长最快的身体护理品类之一 [25] - 唇部护理业务在全北美门店铺开后,销售额同比翻倍 [25][26] - 洗衣护理业务将于9月底前全面铺开至所有美国门店 [26] 各个市场数据和关键指标变化 - 国际市场第二季度销售额增长2.2%,较第一季度有明显改善 [31] - 国际市场门店数量达497家,合作伙伴在第二季度新开11家净新店 [34] - 受中东战争影响的地区持续受压,其他地区国际销售额实现双位数增长 [15] 公司战略和发展方向及行业竞争 - 公司正在通过创新、提升产品质量和客户体验来巩固品牌地位和客户忠诚度 [12][13] - 公司正在拓展新的品类和渠道,如男士护理、发型护理、唇部护理和洗衣护理等 [14][25][26] - 公司正在加快国际市场的拓展,预计今年合作伙伴将新开约50家净新店 [15][16] - 公司正在优化运营效率,将2024年成本节约目标从1亿美元提高至1.3亿美元 [20] 管理层对经营环境和未来前景的评论 - 第二季度受到经济不确定性和消费者重视性价比的挑战 [9] - 公司调整了全年收入和利润预期,主要受第一半年销售趋势和宏观环境更加动荡的影响 [20][35] - 公司相信长期可持续盈利增长的战略是正确的,并将继续执行 [22] 其他重要信息 - 公司将把2024年股票回购规模从3亿美元提高至4亿美元 [21] - 公司将把2024年资本支出指引从3亿-3.25亿美元收紧至约2.5亿美元 [38] - 公司预计2024年将产生6.75亿-7.75亿美元的自由现金流 [39] 问答环节重要的提问和回答 问题1 **Simeon Siegel 提问** 新品类收入是否会对现有业务构成替代,还是会带来增量客户 [43] **Gina Boswell 回答** 新品类如男士护理、发型护理和唇部护理等,不仅实现了销售目标,而且带来了新客户,提高了重复购买率和增量性 [45] 问题2 **Lorraine Hutchinson 提问** 第四季度销售指引低于第三季度,原因是什么 [48][49][50] **Eva Boratto 回答** 主要是由于消费者更加注重性价比,以及新客户增长速度低于预期,导致全年销售指引下调 [49][50] 问题3 **Kate McShane 提问** 关于半年度大促的表现,未来会如何调整 [55][56] **Julie Rosen 回答** 公司将评估大促的时间点、营销、陈列等多个方面,以优化大促的表现 [56][57]
Here's What Key Metrics Tell Us About Bath & Body Works (BBWI) Q2 Earnings
ZACKS· 2024-08-28 22:30
For the quarter ended July 2024, Bath & Body Works (BBWI) reported revenue of $1.53 billion, down 2.1% over the same period last year. EPS came in at $0.37, compared to $0.40 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.54 billion, representing a surprise of -1.15%. The company delivered an EPS surprise of +5.71%, with the consensus EPS estimate being $0.35.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...