Bath & Body Works Expects FY23 Net Sales To Decline 1.5%-3.5% (Prior View Flat Sales To Mid-Single Digit Decline)
Portfolio Pulse from Benzinga Newsdesk
Bath & Body Works has revised its FY23 net sales forecast, now expecting a decline of 1.5%-3.5% compared to its previous forecast of flat sales to mid-single digit decline.
August 23, 2023 | 10:06 am
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Bath & Body Works (BBWI) has revised its FY23 net sales forecast downwards, which could negatively impact investor sentiment and the company's stock price in the short term.
Bath & Body Works' downward revision of its FY23 net sales forecast indicates potential challenges in the company's performance. This could lead to negative investor sentiment, potentially driving the company's stock price down in the short term.
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