Bath & Body Works, Inc. (NYSE:BBWI) has been in the news due to various factors. Its position has been trimmed by US Bancorp DE, and acquired by Mitsubishi UFJ Asset Management and SEI Investments. Bath & Body Works shares have surpassed expectations by showcasing strong Q4 and Full-Year earnings and outperforming competitors. The company has also partnered with Netflix and Accenture to enhance customer experience and grow through the adoption of next-generation technology and AI. Despite its Q1 sales targets beat, the stock dropped and it also experienced a noticeable dip when Q2 guidance was released. Notably, ProShare Advisors and State of Michigan Retirement System among others have sold their shares. The company’s stock plunged following its dismal outlook, and its shares have been on a downward trend due to concerns over sales growth. However, Bath & Body Works is optimistically seeking to grow its men's business and is hiring 30,000 seasonal sales team members.
Bath Body Works BBWI News Analytics from Tue, 22 Aug 2023 07:00:00 GMT to Sun, 21 Jul 2024 14:24:06 GMT -
Rating -1
- Innovation 0
- Information 6
- Rumor -4
