Bath & Body Works Expects Q3 Net Sales To Decline 2.5%-4.0%; EPS Of $0.30-$0.40, Consensus $0.37
Portfolio Pulse from Benzinga Newsdesk
Bath & Body Works has projected a decline in net sales of 2.5%-4.0% for Q3. The company also expects earnings per share (EPS) to be between $0.30 and $0.40, which aligns with the consensus estimate of $0.37.
August 23, 2023 | 10:04 am
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Bath & Body Works' projected decline in Q3 net sales and EPS in line with consensus may impact its stock price.
The projected decline in net sales for Q3 indicates a potential slowdown in the company's revenue growth, which could negatively impact investor sentiment and the stock price. However, the EPS forecast being in line with consensus might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100