There are typically only two ways for investors to expose their capital to a stock’s path, whether higher or lower.  The first way everyone should know of is to buy stock shares in a company of an investor’s choice. On the other hand, there are stock options where investors can use leverage to increase their exposure to a stock without laying up as much capital.However, stock options have two caveats to them. When buying a call option (betting the stock will rise) or put option (betting on a fall), investor ...

Bath & Body Works NYSE: BBWI is a brand name synonymous with fragrant lotions and flickering candles, experienced a sudden chill in the market as investors reacted to the company's recent second-quarter sales forecast. Despite Bath & Body Works’ earnings exceeding first-quarter estimates, the company’s stock tumbled over 8% in pre-market trading. Bath & Body Works’ financial report revealed a palpable unease about the retail sector player's ability to weather the changing tides of consumer discretionary spe ...

Brett_Hondow Investment Thesis After great results in Q1 2024, where the company exceeded the guidance that management provided during Q4 2023, Bath & Body shares are falling almost 10%, which seems somewhat irrational to me given the beat in both revenue and EPS. While a 0.9% decrease in revenue is not positive in itself, considering that the guidance was a decrease between 2 and 4% this quarter, you can understand why I'm positive about the company. I think the guidance for FY2024 was conservative giv ...

净销售额及成本 - 第一季度净销售额为13.84亿美元，同比下降0.9%[62] - 第一季度2024年净销售额为13.84亿美元，主要由于国际净销售下降导致[72] - 直接净销售下降6.8%，主要是由于订单减少[73] - 成本优化计划预计每年节省2.5亿美元，2024年第一季度已实现4千万美元的节省[63] 毛利率及费用 - 第一季度2024年毛利润为6.06亿美元，毛利率为43.8%，主要由于商品毛利率提高[74] - 第一季度2024年总体、行政和店铺运营费用为4.19亿美元，费用率为30.3%[75] - 预计2024年商品毛利率将改善，预计购买和占用费用将下降，预计总体费用将上升[65] 现金流及投资 - 2024年第一季度，公司经营活动产生的净现金为4400万美元，其中包括8100万美元的净收入[85] - 2024年第一季度，公司投资活动使用的净现金为4600万美元，主要用于资本支出[86] - 公司计划在2024年继续投资3亿至3.25亿美元，重点是在实体店和技术方面的投资[88] 股票回购及债务 - 公司董事会授权了15亿美元的股票回购计划，2024年第一季度未回购任何股票[92] - 公司董事会在2024年1月授权了新的5亿美元股票回购计划，2024年第一季度回购了1.32亿股普通股[94] - 公司在2024年第一季度回购并熄灭了1.09亿美元的优先票据本金[99] - 公司的长期债务余额截至2024年5月4日为42.82亿美元，较2024年2月3日减少了0.1亿美元[97] 会计准则更新 - 2023年11月，FASB发布了会计准则更新ASU 2023-07，扩大了关于报告分部披露要求，主要通过增强关于重要分部费用和用于评估分部绩效的信息披露，适用于只有一个报告分部的公司[113] - 2023年12月，FASB发布了ASU 2023-09，改进了所得税披露，主要涉及标准化和分解税率调解类别以及按司法管辖区支付的所得税，该标准将于2024年12月15日后开始的财政年度生效，允许提前采纳[114] - 公司目前正在评估采纳这一标准对披露的影响[115] 其他财务信息 - 利息支出为8200万美元，较去年同期下降[78] - 其他收入为1300万美元，较去年同期下降[79] - 公司的ABL融资设施支持信用证计划，截至2024年5月4日，ABL融资设施的可用性为6.46亿美元[101] - 公司长期债务截至2024年5月4日的公允价值估计为4,351百万美元[123] - 公司认为截至2024年5月4日，应收账款、应付账款和应计费用的账面价值与其公允价值相近[125]

Even with falling profits, Bath & Body Works stock looks like it might be a buy.Soaps and sundries stock Bath & Body Works (BBWI -12.61%) fell 13% through 12:30 p.m. ET Tuesday despite the company beating on both sales and earnings in its first-quarter 2024 earnings report this morning.Heading into earnings, analysts forecast Bath & Body Works would earn $0.33 per share on sales of just under $1.4 billion. In fact, the company earned $0.38 per share, and its sales hit $1.4 billion on the nose. Bath & Body W ...

The jury’s still out on the health of the US consumer as investors weigh winners and losers of retail earnings seasonOutlier earnings dates this week: Bath & Body Works (BBWI), Dollar Tree (DLTR), Hibbett Inc. (HIBB), Big Lots (BIG)This next big test of consumer strength will be Friday’s job reportIf there’s one takeaway from Q1 retail earnings that have been pouring in the last few weeks, it’s that the US consumer may not be as resilient as they were to inflationary pressures in 2023. Those offering valu ...

Pre-market trading is back in the red this morning. We have two economic prints out this morning — Job Openings and Labor Turnover Survey (JOLTS) and Factory Orders, both for April and due at 10am ET today — and key earnings reports, most of which are coming after today’s closing bell. Following a mixed market Monday, we’re looking at -114 points on the Dow, -0.29%, the Nasdaq -0.28%, the S&P 500 -0.35% and the small-cap Russell 2000 again the outlier somewhat: -0.78% at this hour.We had thought we may have ...

财务数据和关键指标变化 - 第一季度净销售额为14亿美元,同比下降0.9%,超出预期 [15] - 第一季度每股摊薄收益为0.38美元,同比增长15%,超出预期 [15] - 公司提高了全年收入和利润的指引中值,维持了高端指引 [15] 各条业务线数据和关键指标变化 - 身体护理类销售同比小幅增长,得益于男士护理、唇部护理等新兴类别的强劲表现 [33] - 家居香氛类销售同比中单位数下降,主要受蜡烛类销售下滑影响,但公司在空气清新剂类别保持了市场份额领先 [37] - 肥皂和洗手液类销售同比小幅下降,但公司在细分市场保持了领先地位,其中肥皂类销售得益于补充装产品的良好表现 [38] 各个市场数据和关键指标变化 - 北美地区销售同比增长3%,与上一季度持平 [50] - 国际业务销售同比下降29%,受中东地区战争影响,但其他地区销售同比中单位数增长 [53] 公司战略和发展方向及行业竞争 - 公司持续推进品牌提升、产品创新、渠道拓展、运营效率提升等战略举措 [20] - 公司正加大在男士护理、唇部护理、发护理等新兴类别的投入,并计划在今年底前将洗衣护理产品全面铺开至美国所有门店 [16][35][41] - 公司在产品创新、垂直一体化模式、沉浸式零售体验等方面具有竞争优势 [122][123][124] 管理层对经营环境和未来前景的评论 - 管理层对公司在动态消费环境下的表现感到满意,并对下半年销售增长充满信心 [13][71] - 管理层表示,尽管宏观环境存在不确定性,但公司有信心通过各项战略举措实现销售和利润的增长 [64] 其他重要信息 - 公司将继续推进门店下沉和技术系统升级等投资计划,同时保持股东回报政策 [44][47] - 公司在忠诚度计划方面取得进展,会员数同比增长18%,占美国销售的80% [26][27] 问答环节重要的提问和回答 问题1 **Simeon Siegel 提问** 询问公司营销活动和新品类别带来的效果,是否带来了新客户、客户访问频次提升或定价改善 [76][77] **Eva Boratto 回答** 公司在毛利率和销售费用管控方面取得进展,未来销售增长2-3%即可实现费用率的提升 [78][79] 问题2 **Alex Straton 提问** 询问中东地区战争对国际业务的影响,以及公司的应对措施 [82][83] **Gina Boswell 和 Eva Boratto 回答** 尽管中东地区短期受压,但公司仍计划在今年开设35家左右的新国际门店,并预计国际业务将在第二季度开始改善 [83][84][85] 问题3 **Amanda Douglas 提问** 询问一季度销售超预期的驱动因素,以及对未来几个季度的消费者行为预期 [94][95] **Julie Rosen 和 Eva Boratto 回答** 一季度销售超预期主要得益于新品类别如男士护理、唇部护理的强劲表现,公司对二季度的销售和毛利率水平也保持谨慎乐观 [97][100][101]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Bath & Body Works Inc (NYSE:BBWI) posted better-than-expected first-quarter earnings results before the open this morning. However, the retailer's disappointing current-quarter and full-year guidance are sending the shares tumbling. At last glance, BBWI was down 11.4% to trade at $45.88, headed for its worst day since January 2021. Falling from last session's two-year high of $52.98, BBWI is now trading at its lowest levels in a month. The 120-day moving average, which the stock hasn't breached on a closing ...