THE WHAT? Bath & Body Works has reported its results for the second quarter of 2023. The US retailer reported net sales of US$1.559 billion, down 3.6 percent on the equivalent period last year. Earnings per diluted share stood at US$0.43, compared to US$0.52 for the same quarter last year.
THE DETAILS The company updated its full-year forecast to reflect the better-than-expected bottom line results. Bath & Body Works is now forecasting full-year 2023 EPS to be between US$2.85 and US$3.15 and net sales to decline in the region of 1.5 percent to 3.5 percent.
THE WHY? Gina Boswell, CEO of Bath & Body Works, commented, “We delivered net sales in line with our expectations, and the early benefits of our cost optimization and merchandise margin improvement initiatives helped drive earnings which outperformed our expectations. Our team remained agile in response to the dynamic macroeconomic environment with a focus on delivering innovation and building capabilities to position our company for topline growth and margin expansion.”
Buy aesthetic products refers to the act of purchasing items that are specifically designed for enhancing or maintaining beauty, often related to skincare, cosmetics, or procedures in the field of aesthetics. These products can include a wide range of items intended to improve the appearance and health of the skin, hair, and body. Here are some examples of aesthetic products that individuals might purchase:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments targeting specific skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows designed to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Dermatological Treatments: Prescription or over-the-counter treatments for medical conditions like acne, eczema, psoriasis, or rosacea.
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Aesthetic Devices: Equipment used for professional treatments including laser devices, microneedling pens, radiofrequency devices, and IPL (Intense Pulsed Light) machines.
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Injectable Aesthetics: Products such as dermal fillers and botulinum toxin (Botox) used to enhance facial contours, reduce wrinkles, and achieve smoother skin.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
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Home Use Beauty Devices: Devices like facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
