COLUMBUS, Ohio, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) today updated its fourth quarter earnings guidance.
The company currently expects that fourth quarter earnings per share will be at the high end of its previous guidance of $2.10 to $2.25, compared to earnings per share from continuing operations of $1.96 in 2020.
The company expects fourth quarter sales at the high end of its previous guidance for a mid- to high-single digit percent increase compared to 2020.
The company will report fourth quarter earnings on Feb. 23, 2022.
Andrew Meslow, Chief Executive Officer, said “We are very pleased with our Holiday results, which exceeded our expectations, driven by strong customer response to our Holiday assortment. In this challenging environment, our focus on execution enabled our teams to provide a full and compelling merchandise assortment for our customers online and in our stores. These results would not be possible without the dedication and hard work of all of our associates and partners in stores, across our supply chain in distribution, fulfillment and call centers and at our home office. We’d like to express our sincere appreciation for their efforts.”
Further commentary on Bath & Body Works’ Holiday sales results can be found on our website, www.BBWInc.com.
ABOUT BATH & BODY WORKS:
Bath & Body Works is one of the world’s leading specialty retailers and home to America’s Favorite Fragrances® offering a breadth of exclusive fragrances for the body and home, including the #1 selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. For more than 30 years, customers have looked to Bath & Body Works for quality, on-trend products and the newest, freshest fragrances. Today, these fragrant products can be purchased at more than 1,750 company-operated Bath & Body Works locations in the U.S. and Canada, and more than 300 international franchised locations, as well as on bathandbodyworks.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or made by our company or our management involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “planned,” “potential” and any similar expressions may identify forward-looking statements. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this press release or otherwise made by our company or our management:
We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Additional information regarding these and other factors can be found in “Item 1A. Risk Factors” in our 2020 Annual Report on Form 10-K, as updated by the risk factors disclosed under Part II, “Item 1A. Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended October 30, 2021 as filed with the Securities Exchange Commission, and our subsequent filings.
For further information, please contact: | |
Bath & Body Works, Inc.: | |
Investor Relations | Media Relations |
Amie Preston | Tammy Roberts Myers |
Investorrelations@bbw.com | Communications@bbw.com |