Bath & Body Works Offered a 'Prudent' Outlook. Its Shares Are Falling
BBWIBath & Body Works(BBWI) Investopedia·2024-08-29 01:16

Key TakeawaysBath & Body Works expects net sales to fall between 2% and 4% this year, worse than its previously offered guidance.CEO Gina Boswell called the lower range "prudent" amid challenging consumer spending trends.The retailer also missed expectations with its second-quarter net sales. Bath & Body Works (BBWI) shares sank after the company slashed its 2024 guidance and missed expectations with its second-quarter sales. The body and fragrance product retailer on Wednesday said it expects net sales to ...