Bath & Body Works beat Wall Street forecast on each the highest and bottom lines on Thursday.
The corporate reported net sales of nearly $1.4 billion for the primary quarter ended April 29, a decrease of 4 percent in comparison with the identical period a 12 months earlier, but above analysts’ expectations.
Net income was $81 million, down from $155 million, the corporate said. Adjusted earnings per diluted share got here in at 33 cents for the primary quarter, down from 64 cents a 12 months ago, but additionally beating analyst forecasts of 26 cents.
Bath & Body Works updated its full-year forecast to reflect better-than-expected bottom line results and the impact of the gain on the early extinguishment of debt in the...
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