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Investor Relations - Entravision Communications Corporation NYSE: EVC 4.45 -0.21 ( -4.51% ) 20 minutes minimum delay | June 09, 2023 | 4:00 PM Corporate Overview Entravision is a global advertising solutions, media and technology company. The $600 million, so as Victorias Secret just has disclosed, they issued $1 billion of debt, $600 million of it was actually issued and completed prior to the spin and prior to quarter end. Hi, Roxanne. Or are you embedding any kind of offset on pricing or anything? MarketBeat Week in Review - 5/22 - 5/26 . Bowlero Corp. is the global leader in bowling entertainment, media, and events. Thanks for taking my question. And especially any signs on what the new customers at the franchise attracted? dvelopper et amliorer nos produits et services. Wed like to express our deep appreciation for their dedication and efforts. The company ended second-quarter fiscal 2021 with cash and cash equivalents of $1,987.8 million, inventories of $1,472.9 million, long-term debt of $5,937.6 million and shareholder deficit of $1,187.8 million.During the second quarter, the company purchased 14.4 million shares $1.03 billion. We strive to create an inclusive culture for our associates and our customers. The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. At Bath & Body Works, everybody belongs. Thanks. Net earnings were $228.2 million, or $1.44 per share, compared to, 2020 AlphaStreet Inc. All Rights Reserved, Superlatus to be acquired by TRxADE HEALTH to create a global food consolidation platform, Ocean Biomedical extends patent rights for idiopathic pulmonary fibrosis discovery to Europe, CarMax (KMX) Q1 2024 Earnings: Key financials and quarterly highlights. Our second quarter results include the Victorias Secrets business. Good morning. So as we talked about in our remarks, the go-forward company will have two pieces. KRISPY KREME Introduces New Fourth of July 'Stars and Stripes Dozen,' Beginning June 21 Jun 07, 2023 Krispy Kreme to Present at Evercore ISI Consumer and Retail Conference Jun 07, 2023 KRISPY KREME Expands 'C-Sweet' via Search for Fan to Serve as Brand's First-Ever 'Chief Doughnut Dreamer' These bottom line results were driven by continued strong sales and better-than-expected margin rates at both Bath & Body Works and Victorias Secret. My question is on free cash flow. Bath & Body Works is a leader in personal care and home fragrance, so we understand the positive impact we can make. Risks related to COVID do persist, and we will continue to operate both of our channels in a safe manner for our customers and our associates. Some of the consumer trends youre seeing in that business, obviously, if soaps and sanitizers are down, thats doing really well. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. As a result, by the end of the year, the company anticipates 47% of its stores to be in off-mall locations and 58% will be in White Barn store design.In respect of Bath & Body Works international, the company currently operates 305 stores and 24 online sites across 35 countries. That's why we're passionate about our people, our product and our planet. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. For the rest of fiscal 2021, it expects to open another 35-40 new stores, leading to an annual increase of about 20%. As of Jul 31, 2021, total stores were 2,692, comprising 1,766 Bath & Body Works and 926 Victoria's Secret stores. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Investors / Financial Releases Financial Reporting Stock Performance Governance Shareholder Center News Category Year May 12, 2023 Bath & Body Works Declares Cash Dividend May 10, 2023 Bath & Body Works Appoints Maurice Cooper as Chief Customer Officer May 09, 2023 Bath & Body Works to Report First Quarter Financial Results on May 18, 2023 Data Provided by Refinitiv. When autocomplete results are available use up and down arrows to review and enter to select. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. Bath & Body Works is a leader in personal care and home fragrance, so we understand the positive impact we can make. This is Sydney on for Steph. COLUMBUS, Ohio, Oct. 29, 2021 (GLOBE NEWSWIRE) -- In conjunction with the Bath & Body Works, Inc. (NYSE: BBWI) third quarter 2021 earnings release, which will cross the wire after market close on Wednesday, Nov. 17, you are invited to listen to a live webcast of the conference call on Thursday, Nov. 18 at 9:00 a.m. Gross margin came in at 45.2%, up 1,110 basis points (bps) year on year. The market cap of a . It also anticipates opening 55 new off-mall store locations in North America. At Bath & Body Works, we continue to deliver record results with sales growth of 54% compared to 2019. Investor Relations More events are coming soon. To view a list of securities that are subject to delisting, including those that continue to be traded pending appeal, please click here. Review financial reports, stock performance and governance materials, and connect to our shareholder center. We would expect that it will normalize somewhere in the mid-teens and thats consistent with what weve seen here through the first two quarters of the year. The next question comes from Omar Saad, Evercore. Investor Resources. Learn how we create a supportive environment focused on our people. Two quick ones. In addition, we have about $770 million remaining on our $1.5 billion authorization that we announced in July. Great. Again, as expected, it declined year-over-year, where last year it was experiencing explosive growth. Ms. Hollander will be responsible for leading the company's investor relations program, including engagement with shareholders, investors and . You had questions around the financial structure of the business going forward? And then also, Im not sure if you mentioned AUR versus unit sales in the quarter. So its a little hard to predict exactly what quarter-to-quarter might look like next year. Again, those first two weeks, weve seen momentum thats quite similar to the performance we were seeing in the second quarter. So on the top line growth aspect, again, we feel very comfortable with those three to five-year targets that we provided as part of the Investor Meeting and roadshows over the last month or so. On behalf of the management team and the Board, Id like to extend our sincere appreciation to all of the associates, who have worked so hard on the successful spin-off of Victorias Secret. And how youre looking to deploy excess cash going forward? Weitere Informationen darber, wie wir Ihre personenbezogenen Daten nutzen, finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Making the world a brighter, happier place through the power of fragrance. Thanks for the question. Words such as estimate, project, plan, believe, expect, anticipate, intend, planned, potential and any similar expressions may identify forward-looking statements. Im just wondering kind of how the rebalancing of spend across stores versus digital that we saw in the Q2 results compared to internal expectations. 2023. Review financial reports, stock performance and governance materials, and connect to our shareholder center. Learn how we create a supportive environment focused on our people. Hi, Kimberly. Sales at Victorias Secret International were $108 million, which declined 40% from the same period in fiscal 2019. Corporate Overview 6.9 MB. My question is regarding Bath & Body Works. Great. The Plan, Investor's Choice, provides both registered holders and interested first-time investors with an affordable alternative for buying and selling BBWI common stock. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Bath & Body Works, Inc., All Rights Reserved, Committee Charters and Governance Materials, Notice of Settlement of Shareholder Derivative Actions, Do Not Sell or Share My Personal Information (Certain States), Limit the Use of My Sensitive Personal Information (California). As you remember, in the back half of last year, we were in chase mode for the entire time frame and had very little promotional activity, record low levels of promotional activity, and thats what were lapping. We strive to create an inclusive culture for our associates and our customers. We are continually working to reduce our carbon footprint and improve our packaging to make long-term positive changes for everyones benefit. ET on Tuesday, February 28, 2023, review its 2022 fourth quarter and full year financial results. Type a symbol or company name. Als u niet wilt dat wij en onze partners cookies en persoonsgegevens voor deze aanvullende doeleinden gebruiken, klik dan op 'Alles weigeren'. And how we should think about, if you have any way for us to think about the standalone business and the financials and any comment you got about how Q3 started? So on the category side, youre right to infer that home fragrance continues to be strong and in the second quarter, where we saw the decline in soaps and sanitizers, obviously, that was true. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Im just wondering if you could give us a sense of what the free cash flow that just Bath & Body Works alone has grown off over the past few years, how much you expect it to generate? Your line is open. We are continually working to reduce our carbon footprint and improve our packaging to make long-term positive changes for everyones benefit. Great. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Management provided its earnings view for third-quarter fiscal 2021.Shares of the company gained 4.3% during the after-market trading session on Aug 18. Hopefully that helps. I think its important to understand, though, that the base from which were coming is one where there was so much less promotional activity in the history last year already that curtailing even more promotional activity will be that much more challenging. Nasdaq provides visual representation of analyst expected earnings growth. August 19, 2021 Bath & Body Works Inc. (NYSE: BBWI) Q2 2021 earnings call dated Aug. 19, 2021 Corporate Participants: Wendy Arlin Chief Financial Officer Andrew Meslow Chief Executive Officer Amie Preston Senior Vice President of Investor Relations Analysts: Kimberly Greenberger Morgan Stanley Analyst Matthew Boss J.P. Morgan Analyst Bath & Body Works is a leader in personal care and home fragrance, so we understand the positive impact we can make. Risk Factors in this Form 10-Q and in our 2020 Annual Report on Form 10-K. 2023 Learn more about our business practices. But again, those are two weeks out of 13 weeks and relatively small weeks relative to the overall quarter. All rights reserved. Thank you. Welcome to our first earnings call as a standalone public company. But again, strong results out of both. The spin off was completed on Aug 3, subsequent to the completion of the second quarter.Management highlighted Bath & Body Works business is well positioned for growth in the forthcoming periods, backed by its strong product offerings and customer base. Learn about our approach to sustainability and environmental responsibility. Yeah. See the company profile for Bath & Body Works, Inc. (BBWI) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and . Good morning. So again, lots of different things in the pipeline. the spin-off of Victorias Secret may not be tax-free for U.S. federal income tax purposes; a loss of synergies from separating the businesses that could negatively impact the balance sheet, profit margins or earnings of Bath & Body Works or that Bath & Body Works does not realize all of the expected benefits of the spin-off; general economic conditions, inflation, consumer confidence, consumer spending patterns and market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises or other major events, or the prospect of these events; the novel coronavirus (COVID-19) global pandemic has had and is expected to continue to have an adverse effect on our business and results of operations; divestitures or other dispositions and related operations and contingent liabilities from businesses that we have divested; difficulties arising from turnover in company leadership or other key positions; our ability to attract, develop and retain qualified associates and manage labor-related costs; the dependence on mall traffic and the availability of suitable store locations on appropriate terms; our ability to grow through new store openings and existing store remodels and expansions; our ability to successfully operate and expand internationally and related risks; our independent franchise, license and wholesale partners; our ability to protect our reputation and our brand images; our ability to attract customers with marketing, advertising and promotional programs; our ability to maintain, enforce and protect our trade names, trademarks and patents; the highly competitive nature of the retail industry and the segments in which we operate; consumer acceptance of our products and our ability to manage the life cycle of our brands, keep up with fashion trends, develop new merchandise and launch new product lines successfully; our ability to source, distribute and sell goods and materials on a global basis, including risks related to: political instability, environmental hazards or natural disasters; significant health hazards or pandemics, which could result in closed factories, reduced workforces, scarcity of raw materials, and scrutiny or embargoing of goods produced in impacted areas; local business practices and political issues; potential delays or disruptions in shipping and transportation and related pricing impacts; changing expectations regarding product safety due to new legislation; our geographic concentration of vendor and distribution facilities in central Ohio; fluctuations in foreign currency exchange rates; the ability of our vendors to deliver products in a timely manner, meet quality standards and comply with applicable laws and regulations; fluctuations in product input costs, including those caused by inflation; our ability to adequately protect our assets from loss and theft; fluctuations in energy costs, including those caused by inflation; increases in the costs of mailing, paper, printing or other order fulfillment logistics; our and our third-party service providers' ability to implement and maintain information technology systems and to protect associated data; our ability to maintain the security of customer, associate, third-party and company information; our ability to pay dividends and related effects; our ability to maintain our credit rating; our ability to service or refinance our debt and maintain compliance with our restrictive covenants; our ability to comply with laws, regulations and technology platform rules or other obligations related to data privacy and security; our ability to comply with regulatory requirements. During the second quarter, the company opened eight new international stores and one new online site, while it closed two stores. Dcouvrez comment nous utilisons vos donnes personnelles dans notre Politique de confidentialit et notre Politique relative aux cookies. And then, Wendy just more near term on gross margin, what have you embedded from a promotional backdrop in the gross margin guidance for the third quarter and back half of the year? But the guidance we shared last night is all inclusive of those two pieces, so the BBW segment and the corporate overhead. Learn how we create a supportive environment focused on our people. Large and Growing TAM. We will have the Bath & Body Works operating segment that weve reported extensively historically. founded in 1990 in New Albany, Ohio. Okay. Creating products you love and believe in. Type a symbol or company name. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. That's why we're passionate about our people, our product and our planet. Q1 Earnings. This website requires Javascript for some parts to function properly. At Bath & Body Works, everybody belongs. Yes. Q1. Great. Your line is open. Most of those tests that Im describing will be ramping up a little bit more in the back half of this year, but much more in 2022 and beyond. Copy and paste multiple symbols separated by spaces. We plan to end this call shortly before 9:30 in order to allow you to join the Victorias Secrets earnings call. Yeah, you know what Id say about cash flow. All Rights Reserved, $refs.close.focus());" @closesearch.window="show=false;" x-show="show" x-transition:enter="transition ease-out duration-300" x-transition:enter-start="-translate-y-full" x-transition:enter-end="translate-y-0" x-transition:leave="transition ease-in duration-300" x-transition:leave-start="translate-y-0" x-transition:leave-end="-translate-y-full">, Bath & Body Works Invites You to Listen to the Third Quarter 2021 Earnings Call Webcast, Committee Charters and Governance Materials, Notice of Settlement of Shareholder Derivative Actions, Do Not Sell or Share Personal Information (Certain States), Limited the Use of My Sensitive Personal Information (California), Bath & Body Works Third Quarter 2021 Earnings Conference Call Webcast. Your line is open. Our customers span the three key segments of the capital markets: public companies, investors, and banks, representing a $20 billion TAM. Bath & Body Works Board of Directors Sends Letter to Shareholders Highlighting Transformative Value-Creating Actions and Responding to Third Point's Potential Proxy Contest On the product input portion, as you know, we work very hard on our ticketing strategy and our promotional strategies, historically, to try to offset cost increases, and well certainly try to do that again this quarter and the rest of this year. Yes. Learn about our approach to sustainability and environmental responsibility. The top line increased 14.3% from second-quarter fiscal 2019 levels.Comparable sales declined 16%, while comparable store sales fell 9% year on year.Gross profit amounted to $1,498 million during the quarter, up from $711.5 million in the year-ago period. Learn how we create a supportive environment focused on our people. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. And congrats on a nice quarter. Company Profile More >> Build-A-Bear is a multi-generational global brand focused on its mission to "add a little more heart to life" appealing to a wide array of consumer groups who enjoy the personal expression in making their own "furry friends" to celebrate and commemorate life moments. And also, as weve disclosed, well have about $25 million per quarter of corporate overhead expense. Obviously, youve got the debt buyback announced today, but just generally, what youre thinking about. At this time, I would like to welcome everyone to the Bath & Body Works Second Quarter 2021 Earnings Conference Call. Contact Investor Relations; Show all. The Bath & Body Works segment operating income in the second quarter was $431 million, an increase of 135%, or $247 million compared to 2019, and an increase of 24%, or $82 million compared to last year. Our forecast go-forward does assume that well continue to see some softening in that business on a year-over-year basis. While we strive to produce the best transcripts, it may contain misspellings and other inaccuracies. The press release is available in the "Investor Relations" section of the company's website.

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