Bath & Body Works Expects FY24 Net Sales To Range Decline Of 4% To Decline Of 2% (Prior View Decline Of 2.5% To Flat); Revises Adjusted EPS Forecast To $3.06 - $3.26, Est $3.26
Portfolio Pulse from Benzinga Newsdesk
Bath & Body Works has revised its FY24 net sales forecast to a decline of 4% to 2%, down from a previous range of a 2.5% decline to flat. The adjusted EPS forecast is now $3.06 to $3.26, compared to an earlier estimate of $3.05 to $3.35.
August 28, 2024 | 11:02 am
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Bath & Body Works has lowered its FY24 net sales forecast and adjusted its EPS forecast, indicating potential challenges in sales performance.
The revision of the sales forecast to a larger decline and the narrowing of the EPS range suggests that Bath & Body Works is facing more significant challenges than previously anticipated. This could lead to a negative short-term impact on the stock price as investors react to the lowered expectations.
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