Официальный Сайт Номад Казино, Играть Онлайн В Казахстан
Официальный Сайт Номад Казино, Играть Онлайн В Казахстане Казино
May 20, 2022: Bath & Body Works claims came down in after-hours trading Wednesday after the retailer cut its profit outlook due to expected increases in inflationary pressures.
After hours, the stock decreased over 5% after an 8.6% decline during the trading day, between a broader market selloff.
The company says in prepared remarks that it has been facing higher costs of raw materials, transportation, and wages, such as many retailers. Bath & Body Works expects to hit between $225 million and $250 million from inflation this year, or almost $75 million more than the plan.
The comments followed big-box retailers Target and Walmart reported that these expenses ate into their profits in the recent quarter, thereby denting their guidance for the future months.
Bath & Body Works, selling lotions, candles, and different bath soaps, is forecasting this year’s 2022 earnings from continuing operations for each diluted share to be between $3.80 and $4.15, compared with a previous range of $4.30 to $4.70.
Its second-quarter earnings for each share are expected to be between 60 and 65 cents, compared with 77 cents a year earlier.
For the three months ended April 30, Bath & Body Works reported a net income of $154.9 million, or 64 cents for each share, compared with revenue of $276.6 million, or 97 cents for each share, a year earlier.
That topped analysts’ estimates for 53 cents a share, according to a Refinitiv survey.
Sales decrease slightly to $1.45 billion from $1.47 billion earlier. But revenue beat expectations by $1.43 billion.
Bath & Body Works said it would be investing this year to revamp its loyalty program and test a new line-up of products, including hair care. While those investments can help drum up demand from customers, they can also pressure profits in the near term. Bath & Body Works shares are down by 39% this year.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
Официальный Сайт Номад Казино, Играть Онлайн В Казахстане Казино
The Food and Drug Administration (FDA) has updated its drug shortage database, revealing ongoing limited availability for most …
Glory Online Casino Online In Bangladesh Online Casino Glory
Türkiye’de Pin Up Online Casino: Anadolu Tutkusunun Oyunla Buluştuğu
Mostbet’te Kayıt Ve Giriş Süreci Online Spor Bahisleri Şirketi
Morgan Stanley’s financial performance for the first quarter of 2024 surpassed analyst expectations, driven by robust results in wealth …