Bath & Body Works Now Expects 2023 Net Sales To Decline 2.5%-4% (Prior View Decline Of 1.5%-3.5%) Compared To $7.560B In 2022
Portfolio Pulse from Benzinga Newsdesk
Bath & Body Works has revised its 2023 net sales forecast, now expecting a decline of 2.5%-4% compared to the previous estimate of a 1.5%-3.5% decrease from the $7.560 billion reported in 2022.
November 16, 2023 | 11:05 am
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Bath & Body Works has lowered its 2023 net sales expectations, which may lead to negative investor sentiment and a potential decrease in stock price in the short term.
The revision of the sales forecast by Bath & Body Works to a greater decline than previously anticipated is a negative signal for investors, indicating potential challenges in the retail environment or company performance. This could lead to bearish sentiment and downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100