Bath & Body Works, Inc.(NYSE:BBWI) on Wednesday posted upbeat sales for the fourth quarter.
The company reported fourth-quarter adjusted earnings per share of $2.05. Quarterly sales of $2.724 billion (down 2% year over year) outpaced the Street view of $1.336 billion.
“Since launching the Consumer First Formula in the third quarter, we have moved with urgency to accelerate innovation in our hero categories, refresh and modernize our brand, expand distribution, and simplify our operating model,” said Daniel Heaf, chief executive officer of Bath & Body Works. “The earlier-than-planned launch on Amazon and the rollout of our new brand identity are clear examples of our team’s focused execution.”
Bath …