Bath and Body Works Stock Plummets After Disappointing Results

Bath and Body Works stock plummeted by nearly 23% following disappointing Q3 results and a weaker profit forecast for the year. The companys revenue remained flat at $1.59 billion, missing analyst expectations of $1.63 billion. Earnings per share also fell short, coming in at $0.37 instead of the predicted $0.39. The companys new full-year earnings per share guidance, at $2.83, is 16.1% below analyst expectations. This news has significantly impacted the markets view of the business, with the stock now trading at $15.98, a 58% drop since the beginning of the year and 61.1% below its 52-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.