Bath & Body Works beats quarterly profit estimates on minimal tariff exposure
HighlightsBath & Body Works reported a profit of 49 cents per share for the first quarter, surpassing analysts' average estimate of 47 cents per share. The company's sales increased by 3 per cent to $1.42 billion, driven by strong demand for fragrances and personal care products, as well as effective marketing strategies targeting younger consumers. Bath & Body Works remains largely insulated from import tariffs due to its predominantly U.S.-based supply chain, with only 10% of its merchandise sourced from China.
Bath & Body Works on Thursday beat first-quarter profit estimates as steady demand for its fragrances and personal care products, combined with its limited exposure to
import tariffs
, helped counter broader pressures in the
U.S. retail sector
.
The beauty and skincare retailer has invested in extensive promotions and deals as well as in
product innovation
, including its Easter-themed Sweet Carrot Cake candles and new variants of Wallflowers fragrances.
The Ohio-based company's marketing initiatives to position its products as ideal gifts and affordable luxuries, especially to a younger consumer demographic, also boosted sales.
Bath & Body Works' steady performance comes at a time when uncertainty surrounding U.S. President Donald Trump's trade policies has boosted recession fears, prompting inflation-weary consumers to become more selective with discretionary spending.
The company, unlike many of its peers, has been largely insulated from import tariffs as it sources the majority of its merchandise locally. Only about 10 per cent of its merchandise comes from China, with Canada and Mexico accounting for a combined 7 per cent.
"We're effectively leveraging our predominantly U.S.-based supply chain to navigate the evolving trade environment and I'm confident in our ability to adapt to meet the consumer where they are with fragrance innovation and high-quality product at compelling price points as we move through 2025," CFO Eva Boratto said.
Bath & Body Works' shares were up about 3 per cent in premarket trading following the results.
The company posted profit of 49 cents per share for the quarter ended May 3, compared with analysts' average estimate of 47 cents per share, according to data compiled by LSEG.
Its first-quarter sales rose 3 per cent to USD 1.42 billion from a year ago, in line with market expectations.
The company maintained its annual net sales and
profit forecasts
.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
10 minutes ago
- Hindustan Times
Tesla set to debut in India with showrooms in Mumbai and Delhi: All you need to know about location and rent
Elon Musk's Tesla Inc. is reportedly gearing up to launch its first showrooms in India by July, marking the electric vehicle (EV) giant's formal entry into the world's third-largest automobile market. Tesla is reportedly set to open its first India showrooms this July. Here's what we know about their location and rent. (Representational photo) REUTERS/Charles Platiau/File Photo(REUTERS) Bloomberg quoted sources familiar with the matter as saying that Tesla's first batch of vehicles, Model Y rear-wheel drive SUVs, has already arrived in India. These units were shipped from the company's manufacturing facility in China. The Model Y is currently the world's best-selling electric car. The first showroom is expected to open in Mumbai by mid-July, followed by another in New Delhi, Bloomberg reported. Here's what we know about Tesla's upcoming showrooms in Mumbai and Delhi Tesla in Mumbai: Most expensive auto showroom deal in the country by far Tesla, has taken 4,000 sq ft of showroom space in India's costliest commercial district, Bandra Kurla Complex (BKC), in Mumbai, for ₹ 23.38 crore for five years, according to property registration documents accessed by CRE Matrix. The space has been taken on rent by Tesla along with two car parking spaces, and the per sq ft rent works out to be ₹ 881, the documents showed. The amount sets a national record in terms of lease rentals and makes it the most expensive auto showroom lease deal in the country by far, experts said. The documents show that the showroom space has been rented out in a commercial building named Maker Maxity on North Avenue. had reported on March 1 that the company had finalised showroom space in Mumbai's Maker Maxity in BKC, Mumbai, at a monthly rent of around ₹ 35 crore. The registration documents show that the transaction was registered on February 27, 2025, between Univco Properties LLP, the property owner, and Tesla India Motor and Energy Pvt Ltd. Documents show that the lease's tenure started on February 16, 2025, and the rent-free period is from February 16 to March 31. The rental for the lease deal is payable from April 2025 up to February 2030. The security deposit for the transaction is ₹ 2.11 crore, and the rental agreement has a 5% per month rent escalation clause on a per annum basis. According to the documents, the per month rent is ₹ 35.26 lakh, followed by ₹ 37.02 lakh in the second year, ₹ 38.88 lakh in the third year, ₹ 40.82 lakh in the fourth year, and ₹ 42.86 lakh in the fifth year. BKC is Mumbai's central business district (CBD) and a key hub for the Banking and Financial Services Industry (BFSI) and Fortune 500 companies. Tesla picks up managed office space in Mumbai Tesla has also secured 30 seats in a managed office space near Mumbai's Bandra Kurla Complex, the most expensive business district in India. According to sources, the space has a monthly rent of ₹ 3 lakh. The US-based EV firm has leased 30 seats in a co-working office located in Phoenix Market City with a rent of ₹ 3 lakh per month. The lease agreement is for a period of one year and comes with a three-month lock-in period, they said. This is a short-term lease that was executed between EFC and Tesla India Motor & Energy, sources said. They said that in its initial stages of establishment, Tesla has opted for the flexible workspace option to support its evolving needs. Tesla's dedicated vehicle service centre facility in Mumbai Elon Musk's Tesla India Motor and Energy Pvt Ltd has leased 24,565 sq ft of warehouse space at Lodha Logistics Park in Mumbai's Kurla area for a total rent of ₹ 24.38 crore for five years, according to property registration documents accessed by CRE Matrix. The new commercial space is in Kurla West, central Mumbai. The newly acquired 24,500 sq. ft facility, located in Macrotech Developers' Lodha Industrial and Logistics Park, will serve as a dedicated vehicle service centre, Tesla's first such facility in the country. The documents showed that the leased space includes two ground-floor units with a combined carpet area of over 18,000 sq ft and a chargeable area exceeding 24,000 sq ft. The starting monthly rent is over ₹ 37.53 lakh for the first year, with a 5% annual escalation, bringing the total rent over the five-year lease period to more than ₹ 24 crore. According to the documents, Tesla will pay ₹ 1.62 crore in common area maintenance charges over five years and has provided a security deposit of ₹ 2.25 crore. The lease agreement was registered on May 16, 2025. The license period begins on April 20, 2025, while the chargeable license period starts on June 1, 2025. Sources told that the per sq ft rent for this deal is around ₹ 218. This is also the first Grade A city warehousing facility suitable for automobile companies, quick commerce companies, and cloud kitchens. Also Read: Tesla leases 24,565 sq ft warehouse space in Mumbai's Kurla for over ₹ 24 crore for five years Elon Musk-owned Tesla is reportedly not keen on setting up manufacturing and production units in India. According to a statement from Union Minister for Heavy Industries HD Kumaraswamy, Tesla is only interested in expanding its showrooms in India. Tesla's Delhi showroom space update Sources said that the Delhi showroom space finalised by Tesla is around 4000 sq ft, and the rent is around ₹ 25 lakh per month. Sources said that Tesla has finalised the lease of showroom space in the Aerocity area located in a Brookfield property near New Delhi's Indira Gandhi International Airport (IGI). In April 2023, Bharti Enterprises Limited (BEL) transferred its 51% stake (held in Rostrum Realty) to Brookfield Group. In June 2024, Bharti Enterprises Limited (BEL) transferred its remaining stake (held in Rostrum Realty) to Brookfield India Real Estate Trust (sponsored by the Brookfield Group). Tesla could not be reached for a comment.
Business Standard
14 minutes ago
- Business Standard
The Future of Laundry Is Here: How Washmart Is Building India's Smartest Cleaning Network
PNN Bangalore (Karnataka) [India], June 21: Consumer preferences have evolved with the times. Nowadays, everyone appreciates services and solutions that are convenient, technologically advanced, and add value to their lives. The laundry sector is no exception, as it, too, reflects evolving consumer expectations. People no longer perceive laundry as a tedious activity and prefer outsourcing the work to professional laundry stores in their locality. It led to the rise of the modern Indian laundry companies that are innovative, customer-centric, and ROI-driven. These companies are motivating customer behaviour by focusing on quality-driven services that are reliable, affordable, sustainable, and convenient. In recent times, Washmart has emerged as a key driver of this change by expanding its network across the country and building India's growth-driven laundry franchise infrastructure. From a modest inception, Washmart has ascended to become a dominant player in the laundry sector. Future of laundry in India The modern, organised laundry sector is a tremendous improvement over a system that has largely been unorganised in the past with a decentralised presence of mom-and-pop shops and local washermen. In addition, a host of other factors have also given prominence to modern laundry solutions, such as increased disposable income, growing lifestyle aspirations, urban population boom, and rising hygiene concerns post the pandemic situation. We've merely scratched the surface when it comes to estimating the laundry sector's future growth projections, as it's going to touch USD 1,398.8 million by 2030. The demand is only getting more intense, and so is the scope for innovation, better services, and profitability. Enter Washmart, a leading laundry player pulling out all the stops to address these demands by offering a robust and proven business model that hinges on quality services, innovation, and customer satisfaction. Recognised among India's leading laundry franchise Washmart appeals to aspiring entrepreneurs because it provides them with assurance of profitability without heavy investment commitments or logistical complexities. In short, it's asset-light and easily scalable, enabling Franchise to start reaping benefits from the initial phase. Its plug-and-play business model comes in handy, allowing franchise investors to receive a prepackaged, fully deployed system, encompassing everything from store setup and branding to logistical support and training. With a fully operational business model, Washmart eliminates the hurdles that one could experience in traditional business models. Some notable advantages: -Pre-configured model: From site recce to store interiors, equipment, and operational processes, Washmart takes everything within its ambit. -Technology integration: Each store across the country is linked with Washmart's centralised backend and unified platform, helping facilitate processes and delivery, real-time orders, CRM, payments, etc. -Marketing push: Washmart's strong market presence offers franchisees a name to rely on, marketing strategies to benefit from, and a proven model to experience faster growth. -Prompt support: Offering robust assistance to clients is one of the foremost areas of focus for Washmart, enabling them to manage their processes effectively from day one. -Standardised offerings across locations: Washmart's service standards are uniform across areas, providing thorough support for business owners. -User application: Washmart app offers end-to-end order management, from order pick-up/drop-off and order tracking to online payment and feedback contribution. Hygiene and environmental considerations The world we're living in has undergone a significant change post the COVID outbreak. Maintaining cleanliness and hygiene is no longer elective - it's non-negotiable. Washmart makes it a point that each store follows medical-grade sanitisation standards. Besides, the company lays great emphasis on the use of eco-friendly and skin-safe detergents. Washmart is equally concerned about the environmental impact and focuses immensely on energy-efficient machines, smart water-usage washers, etc. This ethos is evident across all its franchisees. Imparting skills training for empowerment Behind every radiating cloth is a trained expert. Washmart places a premium on manpower development and undertakes training and upskilling programmes to accommodate the needs of skilled professionals in the Laundry Industry. These professionals are taught various aspects of on-site laundry process oversight, such as: -Technology training - Fabric preservation, treatment, and packaging -Energy-efficient processes for lower carbon footprints -Soft skills for customer-facing scenarios Imparting training to skilled professionals across cities, Washmart also helps generate employment opportunities for a diverse category of blue-collar workforce. Growth beyond regions Having a presence of 250+ stores across 112 cities, Washmart's expansion is a continual process. Having opened hundreds of stores in various parts of the country, including metros and tier 3 towns, the company values its client's satisfaction as the success benchmark. The company envisions carrying forward the same values and ethos, broadening their reach in over 100 cities and towns over the next 2 years. Conclusion The dynamism and diversity of India might be the reasons behind the world saying, "India is not for beginners." Well, whatever they mean by that, one obvious fact for a country as bustling and diverse as India is that addressing laundry gaps with scalability in a massively settled region is no mean feat. Driven by this purpose, Washmart's offerings are redefining the Indian laundry landscape. If you also want to align with this vision, please visit Washmart's official site to explore compelling growth avenues. Visit: (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Time of India
16 minutes ago
- Time of India
Gas blowout at ONGC's Assam well under control: Flow drops sharply, US experts back containment plan
NEW DELHI: State-run Oil and Natural Gas Corporation ( ONGC ) on Saturday said it had made significant progress in its efforts to contain the gas blowout at well RDS#147A in Assam's Rudrasagar oilfield, with the flow rate of natural gas having reduced substantially. The blowout — or uncontrolled gas flow — occurred on June 12 at a well operated by private contractor S K Petro Services in Barichuk, Sivasagar district. 'ONGC has made significant headway in its well control operations at RDS#147A, with the flow rate of gas having reduced substantially, marking a critical step forward in containment efforts,' the company said in a statement, PTI reported. An international expert team from US-based CUDD Pressure Control arrived at the site on Friday and reviewed ONGC's containment strategy. According to the company, the experts expressed agreement with the steps taken and affirmed the effectiveness of ONGC's approach. While ONGC did not specify a timeline for bringing the well completely under control, it said site preparations were underway for the next phase of operations, which include removal of tubulars from the well and mobilisation of cranes to assist in clearing the rig floor. As part of safety measures, 24x7 water blanketing continues, and flood-level monitoring of the nearby Dikhow River is in progress to ensure environmental compliance. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo 'ONGC is continuously monitoring the low explosive limit (LEL) levels of air around the well site through real-time gas detectors to ensure safety. Medical assistance is being provided at the relief camp to support all those in need,' the statement added. Oil Minister Hardeep Singh Puri, in a LinkedIn post on Friday, said he was closely monitoring the operations. 'The Crisis Management Team headed by experienced blowout control specialists are on the job,' he wrote. He confirmed that nearby residents had been relocated to a relief camp, with food, security, and essential supplies arranged by local authorities. Water blanketing was being used as a key precaution to prevent fire, he said. Puri also noted that the composition of gas — mostly methane (97%) — was dispersing upward and not accumulating at ground level, thereby limiting the hazard. 'Air quality monitoring shows levels are within safe limits even at a 50-100 metre radius from the well,' the minister added. The wellhead pressure has dropped significantly — from 2,600 psi to 500 psi — a sign of falling gas intensity. 'We are trying to contain the situation through junk shot operation and will try pumping kill fluids today. If this does not suffice, capping of the well shall also be considered,' Puri said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
