Bath & Body Works, Inc.(NYSE:BBWI) shares are trading lower after the company reported fourth-quarter earnings and issued modest first quarter and FY24 outlook.
The company reported fourth-quarter adjusted earnings per share of $2.06, beating the analyst consensus of $1.87. Quarterly revenues of $2.912 billion beat the street view of $2.84 billion.
Quarterly results gained from strong execution during the holiday season and an extra week in the fourth quarter.
Total sales from U.S. and Canadian stores rose 4% year over year to $2.162 billion, while Direct sales (U.S. and Canada) declined 8% to $656 million. International sales fell …
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