Bath & Body Works Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents

Bath & Body Works Inc Q2 2023 Earnings Call Summary

Bath & Body Works Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents
Bath & Body Works Inc Q2 2023 Earnings Call Summary
Published Aug 23, 2023
14 pages (7894 words) — Published Aug 23, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of BBWI.N earnings conference call or presentation 23-Aug-23 1:00pm GMT

  
Brief Excerpt:

...B. Adjusted diluted earnings per share of $0.40 were better than planned with the majority of the outperformance driven by the benefits of our cost optimization initiative, increased average unit retail or AUR and improved merchandise margin. C. In fact, year-over-year merchandise margin rate increased modestly for the first time in nine quarters. D. We were also pleased with our Mother's Day results and executed well in our June semiannual sale, delivering merchandise margin rates above our expectations. E. From a category perspective, in the second quarter, our body care sales increased versus the prior year. F. Home fragrance and soaps and sanitizer sales declined as expected, driven by post-pandemic normalization. G. Importantly, year-to-date, we've increased unit share across these product categories. H. As expected, we continue to see some pressure on basket size during the quarter. I. Our revenue is approximately 40% above 2019 levels, and we have diverse opportunities and multiple...

  
Report Type:

Brief

Source:
Company:
Body Works Inc
Ticker
BBWI.N
Time
1:00pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Bath & Body Works Inc Q2 2023 Earnings Call Summary" Aug 23, 2023. Alacra Store. May 12, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Bath-Body-Works-Inc-Earnings-Call-B15680500>
  
APA:
Thomson StreetEvents. (2023). Bath & Body Works Inc Q2 2023 Earnings Call Summary Aug 23, 2023. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-Bath-Body-Works-Inc-Earnings-Call-B15680500>
  
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