Bath & Body Works, Inc. (BBWI), while reporting weak profit and sales in its fourth quarter, on Wednesday issued outlook for first quarter and fiscal 2026. The personal care and home fragrance company projects lower adjusted earnings and sales for both periods.
In pre-market activity, the shares were gaining around 5.8 percent, trading at $23.74.
Looking ahead for the first quarter, the company expects earnings per share to be between $0.84 and $0.90, compared to $0.49 last year. Adjusted earnings per share is expected to be between $0.24 and $0.30, compared to $0.49 in the first quarter of 2025.
The company is forecasting net sales to decline between 6 percent to 4 percent from prior year's $1.424 billion.
Further, for fiscal 2026, earnings per share are expected to be between $3.00 and $3.25 compared to $3.11 in fiscal 2025. Adjusted earnings per share would be between $2.40 and $2.65, compared to $3.21 a year ago.
Annual net sales are projected to decline between 4.5 percent to 2.5 percent from $7.291 billion in fiscal 2025.
In the fourth quarter, the company's net income came in at $403 million or $1.99 per share, lower than $453 million or $2.09 per share last year.
Adjusted earnings were $415 million or $2.05 per share for the period.
The fourth-quarter operating income was $599 million, compared to $678 million last year
The company's revenue for the period fell 2.3 percent to $2.724 billion from $2.788 billion last year.
Total sales from Stores - U.S. and Canada declined 2.6 percent year-over-year to $2.05 billion and Direct - U.S. and Canada sales declined 2.5 percent. International sales grew 8.6 percent.
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