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00:02Bath & Body Works raised its full-year adjusted earnings outlook after reporting stronger
00:07second-quarter profit, according to the Wall Street Journal. Adjusted earnings were $0.62
00:12per share, above the $0.24 analysts expected, while revenue fell 2.3% to $1.51 billion,
00:19slightly above the $1.50 billion estimate. Net income rose to $118 million or $0.58 per share,
00:26from $64 million or $0.30 per share a year earlier. The retailer now expects annual adjusted
00:33earnings of $2.60 to $2.80 per share, up from $2.40 to $2.65 previously. It narrowed its
00:39full-year
00:40sales outlook to a decline of 4.5% to 2.5%. CEO Daniel Heath said, underlying trends remain
00:49pressured, though parts of the turnaround strategy are beginning to show progress.
00:53For all things money, visit Benzinga.com.
00:57I'll see you next time.
00:57You'll see.
00:57You can see.
