Bath & Body Works Expects Q3 Net Sales To Range Flat To Increase Of 2.5%; EPS Of $0.41 - $0.47, Est $0.53
Portfolio Pulse from Benzinga Newsdesk
Bath & Body Works anticipates its Q3 net sales to be flat or increase by up to 2.5%, with expected EPS between $0.41 and $0.47, below the estimated $0.53.
August 28, 2024 | 11:04 am
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Bath & Body Works projects Q3 net sales to be flat or increase by up to 2.5%, with EPS expected between $0.41 and $0.47, which is below the market estimate of $0.53.
The company's guidance for Q3 EPS is below market expectations, which is likely to negatively impact the stock price in the short term. The flat to slight increase in sales does not offset the lower EPS guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100