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Bath & Body Works Stock Sinks on Warning China Tariffs Would Impact Results
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Key Points
- Bath & Body Works warned that tariffs on Chinese goods would have a negative impact on its full-year performance.
- CEO Gina Boswell also noted that the retail industry faces “complex challenges.”
- The company’s guidance offsets more than expected fourth-quarter profits and sales.
Bathroom and body engineering (BBWI) Stocks fell 10% Thursday on Thursday as personal care and home fragrance retailers warned that new tariffs and soft consumer spending would hurt future results.
The company sees the year Earnings per share (EPS) Between $3.25 and $3.60, net sales increased by 1% to 3%. Visible Alpha survey analysts earned $3.66 per share, with sales up 3.02%.
Bath & Body Works noted that the guide “reflects the impact of recently enacted tariffs on goods imported from China and will not include other possible tariff changes.”
The fourth quarter results exceeded expectations
Outlook deviates from strong fourth quarter results. Bath & Body Works’ earnings per share of $2.09 and sales of $2.79 billion, down more than 4%, but also surpassed forecasts.
CEO Gina Boswell said that despite “the challenges faced by the wider retail industry, we all ended the challenges in the second half of the year.”
Last year, Bath & Body Works stock lost more than 20% of its value.
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