Bath & Body Works (BBWI) shares skyrocketed when the personal care items retailer posted better-than-expected results and boosted its outlook on strong store traffic, customer loyalty and optimism about the upcoming holiday season.
Bath & Body Works (BBWI) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.48 per share a year ago.
Bath & Body Works Inc (NYSE:BBWI) stock is up 17.7% to trade at $36.14 at last glance -- their highest level since July -- after the retailer announced better-than-expected earnings and revenue for the third quarter.
Although the revenue and EPS for Bath & Body Works (BBWI) give a sense of how its business performed in the quarter ended October 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
The personal care and home fragrance giant raises guidance after third-quarter earnings beat analysts' expectations.
Bath & Body Works on Monday raised its forecast for full-year adjusted profit and said it expects a smaller drop in annual sales, helped by steadfast demand for its personal care products and new offerings in its stores, sending the retailer's shares up about 12% in premarket trading.
The company said that investments made in marketing and technology, combined with innovations in core products and collaborations, are resonating with new and existing customers.
Bath & Body Works, Inc. BBWI will release earnings results for the third quarter, before the opening bell on Monday, Nov. 25.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Bath & Body Works (BBWI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2024.
Bath & Body Works looks to report a relatively weak Q3 due to persisting macroeconomic issues that pressure discretionary spending. Looking past short-term earnings issues, Bath & Body Works has a stable earnings outlook with well-built brand loyalty. The short-term earnings pressure has pushed the BBWI stock down too much, and I now estimate the stock to have a 52% upside into a fair value of $47.95.
Bath & Body Works (BBWI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Barclays analyst Adrienne Yih downgraded Bath & Body Works Inc BBWI from Equal-Weight to Underweight and lowered the price target from $31 to $28. The stock fell after the rerating.