|Day's range||8.55 - 8.55|
Cue the nostalgia: Bath & Body Works is relaunching Cucumber Melon to celebrate the 25th anniversary of the customer-favorite 90s fragrance. Originally introduced in 1998, the fragrance gained popularity throughout the next decade and has remained one of the most beloved fragrances in Bath & Body Works' portfolio. The fragrance, which makes an occasional return during the brand's ever-popular semi-annual sale events, has been an icon and throwback favorite of the 90s and Y2K nostalgia megatrend.
My Bath & Body Works Loyalists Tapped to Influence Assortment of Laundry Fragrances Available at Launch and Will Receive Early AccessCOLUMBUS, Ohio, May 22, 2023 (GLOBE NEWSWIRE) -- This fall, Bath & Body Works will bring its fragrance expertise and authority to the laundry category as it launches its first ever fabric care collection. Ahead of the launch, the beloved retailer is giving its most loyal customers a voice in shaping how the assortment comes to life. “We are constantly looking for w
By Remy Blaire Wall Street settled higher for the second session in a row. The Dow Jones Industrial Average (^DJI) managed to add another triple-digit gain heading into the closing bell, tracking the Nasdaq and S&P 500 into positive territory. The Nasdaq-100 (IXIC) extended its surge higher bringing its advance above 25% YTD. Retailer earnings are painting a mixed picture on consumer spending across the nation. Discretionary spending patterns were reflected in quarterly results for Walmart (WMT), Target (TGT) and Home Depot (HD). One retailer shrugging off analyst skepticism over discretionary purchases is Ohio-based Bath & Body Works (BBWI). Shares of the company rallied over 10% with trading volume coming in at over three times the daily average, after it reported fiscal Q1 earnings that topped estimates and as it raised its full-year guidance. The maker of body care products and home fragrances is expanding its lineup to include men’s grooming items, haircare, and laundry. Bath & Body Works found success with its customer loyalty program, limited edition product drops, and addition of natural product formulations. The retailer offers a dizzying array of fragrances for everyday hand soap and hand sanitizer, from Firecracker Fizz, Wildberry Lemonade to Poolside Pomelo. Bath & Body Works hopes to boost revenue in 2023 with the addition of essential household items to its product lineup – including scented shampoo and detergents.
Wall Street traded mixed on a cocktail of economic data and earnings reports, as investors keep an eye on the progress of ongoing debt ceiling negotiations.The latest U.S. data releases reflected economic uncertainty across the nation as higher inflation and interest rates affected the consumer.April existing home sales declined 3.4% from March, to a seasonally adjusted annual rate of 4.28 million – but the reading was not as dire as expected. The National Association of Realtors report showed that sales tumbled 23.2% compared to a year earlier, while the national median price of existing homes posted its biggest annual decline in over a decade.Other data releases included the Conference Board’s Leading Economic Index that showed a decline for the 13th consecutive month in April, while weekly jobless claims fell to 242,00 in the week ended May 13. Earnings from retailers on Thursday showed a divergence from results earlier this week. Walmart (NYSE: WMT) shares ticked higher on strong sales in the recent quarter as the bellwether upped its full-year outlook. Bath & Body Works (NYSE: BBWI) shrugged off negative expectations for an easing of discretionary spending among consumers as it launched innovative new products and special drops of limited-time items. The maker of fragranced body care products and candles reported fiscal Q1 earnings that topped forecasts and boosted its guidance. Shares advanced 10% following the earnings release.
Yahoo Finance markets contributor Remy Blaire discusses current investor sentiment as markets react to the possibilities of the Fed's next move concerning interest rates.
Exceeds First Quarter Earnings Per Share Guidance and Increases Earnings Per Share Outlook for the Full-Year 2023COLUMBUS, Ohio, May 18, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) today reported first quarter 2023 results. Gina Boswell, CEO of Bath & Body Works, commented, “We delivered first quarter sales in line with our expectations while our EPS was better than anticipated as we saw benefits from our work to improve merchandise margin as well as early benefits from our cos
COLUMBUS, Ohio, May 12, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today the declaration of its regular quarterly dividend of $0.20 per share payable on June 16, 2023, to shareholders of record at the close of business on June 2, 2023. ABOUT BATH & BODY WORKS: Home of America’s Favorite Fragrances®, Bath & Body Works is a global leader in personal care and home fragrance, including top selling collections for fine fragrance mist, body lotion and body cream, 3-wick ca
Brings Significant Expertise in Brand-Building, Marketing and Customer Experience Maurice Cooper Maurice Cooper joins Bath & Body Works as chief customer officer, effective May 22, 2023. COLUMBUS, Ohio, May 10, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) today announced the appointment of Maurice Cooper as chief customer officer, effective May 22, 2023. In this newly created role, Cooper will be responsible for executing a comprehensive strategy to strengthen and elevate the br
COLUMBUS, Ohio, May 09, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today that it plans to report its first quarter 2023 financial results before market open on Thursday, May 18, 2023. In conjunction with this release, the company will host a conference call at 9:00 a.m. EST where Gina Boswell, chief executive officer, Julie Rosen, president, retail, and Wendy Arlin, chief financial officer, will provide a business update and discuss the company's results. Supplementa
2023 is going to be tough for this personal care company.
Thilina Gunasinghe Appointed Chief Digital & Technology Officer; Company Creates New Chief Customer Officer Role with Search Underway Wendy Arlin to Step Down as Chief Financial Officer; Company Commences Search for Successor COLUMBUS, Ohio, April 06, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) today announced changes to its leadership team designed to accelerate growth, enhance the customer experience and expand core capabilities, as well as the planned transition of the compa
Report features company’s new near- and longer-term ESG commitments and 2022 baseline ESG dataCOLUMBUS, Ohio, April 05, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI), a leader in personal care and home fragrance, today released its first environmental, social and governance (ESG) annual report, detailing the company’s commitments and approach to work toward a more resilient and responsible future. “Bath & Body Works is making great strides on our ESG journey, and our inaugural ES
Founded in 1990, Bath & Body Works has been a disruptor in the fragrance industry for over 30 years. Led by its mission to make the world a brighter and happier place through the power of fragrance, the global leader in personal care and home fragrance products has done just that by delivering fragrant products enjoyed by 40% of households across the nation. With a massive fragrance portfolio, including over 250 new-to-the-world fragrances launched in 2022 alone and some of America's most belove
COLUMBUS, Ohio, March 09, 2023 (GLOBE NEWSWIRE) -- My Bath & Body Works, Bath & Body Works’ loyalty and rewards program, has been recognized as America’s Best Loyalty Program in the Health & Beauty category on Newsweek’s & Statista’s list of America’s Best Loyalty Programs 2023. My Bath & Body Works received a top three ranking within the category and ranks above other well-known competitors with longer-tenured programs. “We’re thrilled to be recognized as a provider of one of the country’s best
COLUMBUS, Ohio, March 08, 2023 (GLOBE NEWSWIRE) -- Today Women’s Wear Daily (WWD) named Bath & Body Works CEO Gina Boswell to their list of the 25 Most Inspirational Women Leaders. In partnership with Berns Communications Group’s Influencer Networks and in celebration of International Women’s Day, WWD recognizes extraordinary women in business who have overcome challenges, broken barriers and fostered space within the fashion, apparel and retail industry for future women leaders to grow. As part
Experienced Financial and Governance Advisor Brings 35 Years of Experience to BoardCOLUMBUS, Ohio, March 06, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today that Thomas J. Kuhn, an experienced lawyer, finance executive and board member, has been appointed as a new independent member of the Company’s Board of Directors (the “Board”), effective March 10, 2023. Mr. Kuhn is currently Managing Member of Doorbrook LLC and formerly held senior roles at investment banking f
Bath & Body Works Has Undertaken Significant Changes to Become a Leading Standalone Personal Care and Home Fragrance Brand The Refreshed Bath & Body Works Board Has the Right Skills and Experience to Maximize Shareholder Value Company Has Engaged Extensively with Third Point in a Good-Faith Effort to Avoid a Costly and Unnecessary Proxy Contest Third Point’s Potential Proxy Contest Is Motivated by the Board’s Decision Not to Appoint Third Point’s Former Co-Chief Investment Officer to the Board a
Yahoo Finance Live’s Julie Hyman discusses the rise in stock for Bath & Body Works following fourth-quarter earnings.
Exceeds Fourth Quarter and Full-Year Earnings per Share GuidanceCOLUMBUS, Ohio, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) today reported fourth quarter and full-year 2022 results. Gina Boswell, CEO of Bath & Body Works, commented, “The team delivered better-than-expected earnings results despite a challenging macroeconomic environment, which is a testament to the strengths of this organization. Our customer base responded well to our holiday season, in part powered b
COLUMBUS, Ohio, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) today issued the following statement in response to an announcement by Third Point LLC (“Third Point”) that it intends to nominate candidates to stand for election to the Bath & Body Works Board of Directors (the “Board”) at the Company’s 2023 Annual Meeting of Stockholders: The Bath & Body Works Board and leadership team are united in their focus on driving enhanced shareholder value creation, and we regularl
NEW YORK, February 22, 2023--Third Point LLC (LSE: TPOU), a New York-based investment firm managing approximately $13 billion in assets, today sent a letter to Bath & Body Works, Inc.’s (NYSE: BBWI) Board of Directors. The full text of the letter is below.
Seasoned Finance Executive Brings Over 30 Years of Experience to BoardCOLUMBUS, Ohio, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today that Steve Voskuil, currently Senior Vice President and Chief Financial Officer at The Hershey Company, has been appointed as a new independent member of the Company’s Board of Directors. Mr. Voskuil is a highly accomplished executive with over 30 years of experience who brings global consumer products expertise and strong fi
COLUMBUS, Ohio, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today that it plans to report its fourth quarter and fiscal 2022 financial results before market open on Thursday, February 23, 2023. In conjunction with this release, the company will host a conference call at 8:30 a.m. EST, where Gina Boswell, chief executive officer, Julie Rosen, brand president, and Wendy Arlin, chief financial officer, will provide a business update and discuss the company's res
Shares of Bath & Body Works moved to the downside after Citi downgraded the stock to Neutral.
Highly Accomplished Executive with Over 25 Years of Consumer, Digital and Management ExperienceCOLUMBUS, Ohio, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Bath & Body Works, Inc. (NYSE: BBWI) announced today that Lucy Brady, currently President, Grocery & Snacks at Conagra Brands, Inc. has been appointed as a new independent member of the Company’s Board of Directors. Ms. Brady brings extensive consumer products industry experience focused on business transformation through digital and technological innov