Bath & Body Works Analysts Cut Their Forecasts After Q2 Earnings
Portfolio Pulse from Avi Kapoor
Bath & Body Works (NYSE:BBWI) reported disappointing Q2 sales and issued lower-than-expected guidance for FY24 and Q3. Despite beating EPS estimates slightly, the company's sales missed expectations, leading to a 7% drop in share price. Analysts have lowered their price targets for BBWI, reflecting cautious sentiment.
August 29, 2024 | 1:15 pm
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NEGATIVE IMPACT
Bath & Body Works reported Q2 sales below expectations and issued lower guidance for FY24 and Q3, leading to a 7% drop in share price. Analysts have reduced their price targets, indicating a cautious outlook.
The company's Q2 sales missed expectations, and the guidance for FY24 and Q3 was below estimates, leading to a 7% drop in share price. Analysts have responded by lowering their price targets, indicating a negative short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100