Bath & Body Works Inc (BBWI)

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Why is Bath & Body Works Inc (BBWI) Stock down?

We've noticed a 5.44% decline in Bath & Body Works Inc (BBWI) stock during the 2024-02-29 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

16 Nov, 2023:

Bath Body Works Inc Stock (BBWI) dropped by 7.38% from $32.50 to $30.10 in the trading on Thursday November 16, 2023. The reasons why BBWI stock down today include:

Resilient Q3 performance: The specialty retailer announced its results for the third quarter, with revenue declining by 2.6% year-over-year to $1.56 billion, marginally beating the analyst consensus estimate of $1.560 billion. EPS of $0.48 outpaced expectations by $0.13.
Decline in segment revenue: Revenue from the U.S. and Canada stores decreased 1% Y/Y to $1.17 billion, International stores fell 5% to $77 million, while Direct sales (U.S. and Canada) declined 8% to $317 million.
Outlook: Bath & Body Works sees Q4 FY23 EPS of $1.70-$1.90 versus the consensus of $1.98. It expects Q4 sales to decline 1% - 5%. It sees FY23 sales to decline 2.5% - 4% (prior 1.5% - 3.5% decline). It revised FY23 adjusted EPS guidance from $2.80 - $3.10 to $2.90 - $3.10, versus the consensus of $3.07.