Bath & Body Works, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024
February 29, 2024 at 07:35 am EST
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Bath & Body Works, Inc. reported earnings results for the fourth quarter and full year ended February 03, 2024. For the fourth quarter, the company reported sales was USD 2,912 million compared to USD 2,889 million a year ago. Net income was USD 579 million compared to USD 434 million a year ago. Diluted earnings per share from continuing operations was USD 2.55 compared to USD 1.86 a year ago. Diluted earnings per share was USD 2.55 compared to USD 1.89 a year ago.
For the full year, sales was USD 7,429 million compared to USD 7,560 million a year ago. Net income was USD 878 million compared to USD 800 million a year ago. Diluted earnings per share from continuing operations was USD 3.84 compared to USD 3.4 a year ago. Diluted earnings per share was USD 3.84 compared to USD 3.43 a year ago.
Bath & Body Works, Inc. is an omnichannel retailer focused on personal care and home fragrance. The Company sells merchandise through its retail stores in the United States (U.S.) and Canada, and through its websites and other channels, under the Bath & Body Works, White Barn and other brand names. Its international business is conducted through franchise, license and wholesale partners. It offers a range of care and home fragrance, including collections of fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Its products are differentiated through a combination of fragrance, packaging and quality at accessible prices. It also sells products under its sub brands, including White Barn. Its merchandise is sold through about 1,850 Company-operated stores and e-commerce sites in U.S. and Canada, and in 485 stores and 28 e-commerce sites in more than 40 other countries operating under franchise, license and wholesale arrangements.