Tranche Update on Bath & Body Works, Inc.'s Equity Buyback Plan announced on March 12, 2021.
July 13, 2021 at 04:16 pm EDT
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From May 2, 2021 to July 13, 2021, the company has repurchased 4,388,000 shares, representing 1.58% for $297.94 million. With this, the company has completed the repurchase of 6,996,000 shares, representing 2.52% for $463.83 million under the buyback announced on March 12, 2021.
Bath & Body Works, Inc. is an omnichannel retailer focused on personal care and home fragrance. The Company sells merchandise through its retail stores in the United States (U.S.) and Canada, and through its websites and other channels, under the Bath & Body Works, White Barn and other brand names. Its international business is conducted through franchise, license and wholesale partners. It offers a range of care and home fragrance, including collections of fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Its products are differentiated through a combination of fragrance, packaging and quality at accessible prices. It also sells products under its sub brands, including White Barn. Its merchandise is sold through about 1,850 Company-operated stores and e-commerce sites in U.S. and Canada, and in 485 stores and 28 e-commerce sites in more than 40 other countries operating under franchise, license and wholesale arrangements.