Bath & Body Works Q3 Adj EPS $0.48 Beats $0.35 Estimate, Sales $1.562B Beat $1.560B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bath & Body Works reported Q3 adjusted earnings of $0.48 per share, surpassing the consensus estimate of $0.35 by 37.14%, and a 20% increase from the same period last year. Sales reached $1.562B, slightly above the $1.560B estimate but marked a 2.68% decrease from the previous year.
November 16, 2023 | 11:02 am
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Bath & Body Works exceeded Q3 EPS estimates with a 20% YOY increase and reported sales that marginally beat expectations, despite a slight YOY decline.
Beating both earnings and sales estimates is a strong positive signal for investors, typically leading to a positive short-term stock price reaction. The year-over-year growth in EPS is particularly encouraging, although the slight decline in sales may temper some of the investor enthusiasm.
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