NYSE$BBWI
Bath & Body Works Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported a net sales increase of 3% and earnings per diluted share exceeded guidance.
Bath & Body Works reported strong Q3 2024 results, exceeding net sales and earnings per diluted share guidance. Net sales increased by 3.0% to $1.61 billion, and earnings per diluted share were $0.49. The company is raising its full-year guidance to reflect this outperformance.
- Net sales reached $1.61 billion, a 3.0% increase compared to the previous year.
- Earnings per diluted share were reported at $0.49, compared to $0.52 last year.
- Operating income amounted to $218 million, slightly lower than the $221 million reported last year.
- The company is raising its full-year guidance to fully reflect this outperformance.
Headline financials
Revenue & EPS history
Bath & Body Works · Revenue · Quarterly
$1.61B
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 Q4 2024 net sales to decline between 6.5% and 4.5% compared to Q4 2023, with a 500 basis points headwind due to the shifted fiscal calendar. Fourth quarter earnings per diluted share is expected to be between $1.94 and $2.07.
Tailwinds
- Full-year net sales guidance raised to a decline of 2.5% to 1.7% compared to fiscal 2023.
- Full-year earnings per diluted share now expected to be between $3.46 and $3.59.
- Full-year adjusted earnings per diluted share now expected to be between $3.15 and $3.28.
- Full-year guidance includes the anticipated impact of $400 million of cash deployed towards share repurchases.
- The company is well-positioned to navigate a volatile retail environment and shorter holiday calendar.
Headwinds
- Fourth quarter net sales are expected to decline between 6.5% and 4.5%.
- Fourth quarter net sales will incur a headwind of approximately 500 basis points due to the shifted fiscal calendar.
- Fourth quarter earnings per diluted share is expected to be between $1.94 and $2.07, compared to $2.55 in the fourth quarter 2023.
- The 53rd week in fiscal 2023 represents a headwind of approximately 100 basis points to net sales change in fiscal 2024.
- Third quarter operating income was $218 million compared to $221 million last year, and net income was $106 million compared to $119 million last year.
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 Q3 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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