This year, stock markets have seen significant growth, largely driven by technology companies. However, some undervalued stocks have remained overlooked despite maintaining solid financial performance.
There are typically only two ways for investors to expose their capital to a stock's path, whether higher or lower. The first way everyone should know of is to buy stock shares in a company of an investor's choice.
Bath & Body Works NYSE: BBWI is a brand name synonymous with fragrant lotions and flickering candles, experienced a sudden chill in the market as investors reacted to the company's recent second-quarter sales forecast. Despite Bath & Body Works' earnings exceeding first-quarter estimates, the company's stock tumbled over 8% in pre-market trading.
Bath & Body is a dominant player in the fragrance industry, with a strong market share. The company has a successful loyalty program with a large number of members compared to the programs of great companies like Ulta or Sephora. After far exceeding the Q1 2024 guidance, I think the chances of exceeding Full-Year expectations are high.
Bath and Body Works Inc. saw sales decline in its latest quarter, but the company is betting on men's products as it looks to return to growth.
Bath & Body Works beat on the top and bottom lines today. Management even raised guidance for the year -- but still warned that profits will fall year over year.
If there's one takeaway from Q1 retail earnings that have been pouring in the last few weeks, it's that the US consumer may not be as resilient as they were to inflationary pressures in 2023.
Pre-market trading is back in the red this morning. We have two economic prints out this morning — Job Openings and Labor Turnover Survey (JOLTS) and Factory Orders, both for April and due at 10am ET today — and key earnings reports, most of which are coming after today's closing bell.
Bath & Body Works Inc (NYSE:BBWI) shares plummeted more than 13% after the beauty, skincare and lifestyle company issued disappointing full year guidance. It expects its net sales to decline up to 2.5% from $7.43 billion in fiscal 2023.
Bath & Body Works Inc (NYSE:BBWI) posted better-than-expected first-quarter earnings results before the open this morning.
The headline numbers for Bath & Body Works (BBWI) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Shares of retailer Bath & Body Works (BBWI) slid in premarket trading Tuesday despite a first-quarter earnings report that surpassed analyst expectations and the company's own guidance.