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Cites "choppier" macroeconomic environment and first-half sales trends.
August 29, 2024
By: TOM BRANNA
Editor
Bath & Body Works reported second quarter sales fell 2.1% to $1.5 billion. According to CEO Gina Boswell, BBW improved gross margins and executed on its Fuel for Growth initiatives. And yet, the company is taking a prudent approach to its outlook and adjusting full-year guidance given the choppier macroeconomic environment and first-half sales trends. For fiscal 2024, BBW expects net sales to decline 2-4% relative to the $7.4 billion net sales in fiscal 2023. The 53rd week in fiscal 2...
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