Bath & Body Works, Inc.'s shares have experienced a tumultuous ride with acquisitions by Cibc World Markets Corp and Verition Fund Management LLC, and a 13% tumble. Despite the ups and downs, BBWI did see a rally early in the year and beat EPS estimates by 23%. Disheartening Q2 guidance, however, has led to stock underperformance on multiple days. There is also anticipation that Accenture will join forces with BBWI to enhance customer experience and drive growth. The Q1 earnings report for BBWI was a hit-and-miss with earnings beating estimates but an overall decrease in revenue. The company’s Q2 earnings and FY25 guidance have been issued, with the forecast for Q2 2025 being earnings of $0.36 per share. BMO Capital Markets and Deutsche Bank Aktiengesellschaft have raised their price target for BBWI. Unfortunately, despite better than expected earnings, there remains disapproval of outlook leading to a drop in stock price.
Bath Body Works BBWI News Analytics from Wed, 28 Feb 2024 08:00:00 GMT to Sun, 09 Jun 2024 21:42:27 GMT -
Rating -6
- Innovation -3
- Information 5
- Rumor -7
