Bath & Body Works forecasts smaller drop in annual sales on strong holiday demand
Portfolio Pulse from
Bath & Body Works has raised its forecast for full-year adjusted profit and expects a smaller drop in annual sales due to strong holiday demand and new product offerings. This news has led to a 12% increase in the company's shares in premarket trading.
November 25, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bath & Body Works has improved its full-year profit forecast and anticipates a smaller decline in annual sales, driven by strong demand and new product offerings. This has resulted in a 12% increase in its stock price in premarket trading.
The company's improved profit forecast and expectation of a smaller sales decline indicate strong business performance, particularly during the holiday season. This positive outlook has directly influenced the stock price, causing a significant premarket increase.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100