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)
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