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BUZZ-Bath & Body Works gains on annual profit forecast raise

Reuters
Nov 25, 2024
BUZZ-Bath & Body Works gains on annual profit forecast raise

** Shares of beauty and skincare firm Bath & Body Works BBWI.N up ~11% at $34.11 premarket

** BBWI lifts annual forecasts after topping estimates for Q3 sales and profit on strong demand for its perfumes and personal care products

** Co lifts annual adjusted EPS target to between $3.15 and $3.28 from prior forecast of $3.06 and $3.26

** Also expects a smaller decline in annual sales in a range of 1.7% to 2.5% vs a decline of 2% to 4% expected earlier

** Expects Q4 net sales to fall between 4.5% and 6.5% vs analysts' estimate of a decline of 5.7% - LSEG

** Q3 2024 net sales of $1.61 billion also beats estimates of $1.58 billion

** YTD, stock down ~29% as of last close

(Reporting by Juveria Tabassum in Bengaluru)

((Juveria.Tabassum@thomsonreuters.com;))

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