Bath & Body Works Raises Lower End Of 2023 Adj EPS Outlook; Expects Adj EPS Of $2.90-$3.10 (Prior View $2.80-$3.10)
Portfolio Pulse from Benzinga Newsdesk
Bath & Body Works has updated its adjusted EPS outlook for 2023, raising the lower end of its forecast. The company now expects adjusted EPS to be in the range of $2.90 to $3.10, compared to the previous range of $2.80 to $3.10.
November 16, 2023 | 11:08 am
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Bath & Body Works has increased the lower end of its 2023 adjusted EPS forecast, indicating improved financial expectations.
Raising the lower end of an earnings forecast typically signals management's confidence in the company's financial performance and often results in a positive short-term impact on the stock price. Investors may view this update as a sign of strength and stability, potentially leading to increased demand for BBWI shares.
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