Bath & Body Works, Inc. (NYSE: BBWI) reported upbeat fourth-quarter earnings, but issued worse-than-expected FY24 outlook on Thursday.
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, according to data from Benzinga Pro.
The company approved a new share repurchase program to repurchase up to $500 million of the company’s outstanding shares of common stock.
Bath & Body Works said it sees net sales to range between a decline of 3.0% to flat relative to $7.429 billion of net sales in fiscal 2023, resulting …
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