1237 ET - Bath & Body Works expects momentum for its candles to keep burning. CEO Gina Boswell says the company's home fragrance performance in 3Q was fueled by growth in the candle business through targeted marketing investments and a successful new promotional event timed to align with the holiday calendar. She notes that competition for value-conscious consumers' dollars continues. "While normalization of the candle market has impacted us this year, on a unit basis it has moderated each quarter, and we do not expect it to have a material impact on our business in 2025, and beyond," says Boswell, according to a transcript provided by AlphaSense. Shares of the retailer of fragrances and other home goods rose 15%, to $35.44, on pace for its largest percentage increase in a little over two years. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
November 25, 2024 12:37 ET (17:37 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。