NYSE$BBWI
Bath & Body Works Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Bath & Body Works reported better-than-expected results for Q1 2024, with net sales and earnings per share exceeding guidance.
Bath & Body Works reported net sales of $1.384 billion for Q1 2024, a decrease of 0.9% compared to $1.396 billion in Q1 2023. Earnings per diluted share were $0.38, up 9% compared to $0.35 in the same period last year. The company narrowed its full-year guidance range while raising the midpoint for both the top- and bottom-lines.
- Net sales of $1.4 billion exceeded guidance.
- Diluted earnings per share of $0.38 exceeded guidance, up 9% on a GAAP basis and 15% on an adjusted basis compared to the prior year.
- The change in year-over-year net sales benefited by approximately 200 basis points from the shifted fiscal calendar.
- Full-year 2024 earnings per diluted share is now expected to be between $3.05 and $3.35.
Headline financials
Revenue & EPS history
Bath & Body Works · Revenue · Quarterly
$1.38B
Revenue by segment
Bath & Body Works · $1.38B total across 3 segments · Q1 2026
- Stores - U.S. and Canada$1.06B—77.1%
- Direct - U.S. and Canada$246M—17.9%
- International and Other$70M—5.1%
Forward guidance
The company expects second quarter 2024 net sales to range between a decline of 2% to flat, compared to $1,559 million in the second quarter 2023. Second quarter earnings per diluted share is expected to be between $0.31 and $0.36, compared to earnings per diluted share of $0.43 and adjusted earnings per diluted share of $0.40 in the second quarter 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-1.2%
Avg return
Earnings day
-1.1%
Avg return
5 days after
-3.0%
Avg return
30 days after
40%
26 / 65 earnings
Positive
+14.7%
Q3 2024
Best reaction
-24.6%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | +2.5% | -3.6% | -17.2% | |
| Q3 2025 | -24.6% | -19.7% | -5.9% | |
| Q2 2025 | -7.0% | -6.3% | -15.5% | |
| Q1 2025 | -6.2% | -10.9% | -1.4% | |
| Q4 2024 | -12.7% | -16.6% | -24.7% | |
| Q3 2024 | +14.7% | +18.0% | +27.3% | |
| Q3 2023 | +0.3% | +9.7% | +25.7% | |
| Q2 2024 | -10.7% | -11.4% | -6.7% | |
| Q1 2024 | -8.9% | -11.5% | -27.2% | |
| Q1 2023 | -5.5% | -0.9% | +9.3% | |
| Q4 2023 | -0.3% | -2.0% | +4.7% | |
| Q3 2022 | +1.8% | +11.7% | +11.8% | |
| Q2 2023 | -1.0% | +2.6% | -5.2% | |
| Q4 2022 | -1.2% | -0.9% | +2.7% | |
| Q2 2022 | -2.9% | -0.0% | -15.1% | |
| Q1 2022 | -3.7% | -4.8% | -29.5% | |
| Q4 2021 | +1.2% | +0.2% | +7.1% | |
| Q3 2021 | -0.5% | +2.5% | -6.3% | |
| Q2 2021 | -1.0% | -1.9% | -3.4% | |
| Q1 2021 | -3.6% | -3.5% | +8.6% | |
| Q4 2020 | -0.2% | -4.8% | +11.1% | |
| Q3 2020 | +4.9% | +8.4% | -3.0% | |
| Q2 2020 | -3.6% | -7.5% | +6.0% | |
| Q1 2020 | +6.3% | +14.9% | -10.1% | |
| Q4 2019 | -8.3% | -4.5% | -60.2% | |
| Q3 2019 | -3.8% | -4.3% | +4.4% | |
| Q2 2019 | +6.3% | +10.9% | +9.8% | |
| Q1 2019 | +4.0% | -0.4% | +19.8% | |
| Q4 2018 | -1.9% | +2.0% | -7.9% | |
| Q3 2018 | -2.8% | -7.4% | -23.0% | |
| Q2 2018 | +4.4% | +5.8% | +7.2% | |
| Q1 2018 | -0.3% | -1.5% | -1.1% | |
| Q4 2017 | -1.3% | -1.8% | -10.4% | |
| Q3 2017 | +1.9% | -1.5% | +7.4% | |
| Q2 2017 | +1.3% | +3.3% | +14.9% | |
| Q1 2017 | -1.8% | -3.1% | +2.0% | |
| Q4 2016 | +1.0% | -4.2% | -5.0% | |
| Q3 2016 | -0.4% | +3.3% | -8.9% | |
| Q2 2016 | -2.0% | -1.2% | -5.4% | |
| Q1 2016 | -1.3% | -2.2% | -5.3% | |
| Q4 2015 | +0.0% | — | — | |
| Q3 2015 | +2.5% | — | — | |
| Q2 2015 | +3.8% | — | — | |
| Q1 2015 | -3.5% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | -0.5% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | +1.2% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | +1.5% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2012 | +4.0% | — | — | |
| Q3 2012 | -0.1% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q1 2012 | -4.7% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q2 2011 | -3.2% | — | — | |
| Q1 2011 | -4.4% | — | — | |
| Q4 2010 | +2.8% | — | — | |
| Q3 2010 | -8.8% | — | — | |
| Q2 2010 | -4.1% | — | — | |
| Q1 2010 | -4.8% | — | — | |
| Q4 2009 | +1.8% | — | — |
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