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Bath & Body Works Stock Pops After Beat-And-Raise Quarter

Bath & Body Works (BBWI) experienced a significant stock price increase following a robust quarterly earnings report. The company reported earnings per share of 33 cents, surpassing the consensus estimate of 26 cents, and revenue of $1.38 billion, which was above the expected $1.37 billion. This performance led to an upward revision of their full-year guidance, with adjusted earnings now projected to be between $2.80 and $3.10 per share, up from the previous $2.50 to $2.80. The company also raised its sales forecast, expecting a decline of 1.5% to flat, an improvement from the earlier prediction of a 2% to 4% drop. The positive results were attributed to strong consumer demand for their products, particularly during the holiday season, and effective cost management. However, the company noted challenges like inflation and potential economic downturns, but expressed confidence in their strategic initiatives to drive growth.

Read the Full Kiplinger Article at [ https://www.kiplinger.com/investing/stocks/bath-and-body-works-bbwi-stock-pops-after-beat-and-raise-quarter ]