Bath & Body Works Stock Pops After Beat-And-Raise Quarter
Bath & Body Works stock is higher Monday after the retailer reported better-than-expected results and raised its full-year forecast.


Bath & Body Works (BBWI) stock is trading notably higher Monday after the specialty retailer beat top- and bottom-line expectations for its fiscal third quarter and raised its full-year outlook.
In its quarter ended November 2, Bath & Body Works said its revenue increased 3% year over year to $1.6 billion. Its earnings per share (EPS) decreased 5.8% from the year-ago period to 49 cents.
"Our strong results exceeded the high end of our net sales and earnings per diluted share guidance," said Bath & Body Works CEO Gina Boswell in a statement. "As a result, we are raising our full-year guidance to fully reflect this outperformance."
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The results topped analysts' expectations. Wall Street was anticipating revenue of $1.58 billion and earnings of 47 cents per share, according to CNBC.
As its CEO mentioned, Bath & Body Works increased its full-year outlook following the strong quarter. The company now expects to revenue to decline between 2.5% and 1.7% and earnings per share to arrive between $3.15 to $3.28. The retailer had previously said it expected revenue to be down between 4% and 2% and earnings per share of $3.06 to $3.26.
"Innovation across our core products, adjacencies, and collaborations is resonating with both new and existing customers supported by the investments we have made in marketing and technology," Boswell said. "As we enter the critical holiday period, I am pleased with our strong execution and the momentum we are building, as we drive towards sustainable, long-term profitable growth."
Is Bath & Body Works stock a buy, sell or hold?
It's been a rough year on the price charts for Bath & Body Works, which was down more than 27% heading into Monday's session. Still, most of Wall Street has kept the faith on the consumer discretionary stock.
According to S&P Global Market Intelligence, the average analyst target price for BBWI stock is $42.76, representing implied upside of nearly 20% to current levels. Additionally, the consensus recommendation is a Buy.
Financial services firm UBS Global Research is taking a more cautious approach to the mid-cap stock, though, as evidenced by its a Neutral rating (equivalent to a Hold) and $38 price target.
"Our view is a soft category demand should weigh on BBWI's fiscal 2024 sales and earnings and limit the stock from outperforming," wrote UBS Global Research analyst Jay Sole in a November 7 note. "We see little chance of upside earnings surprises or price-to-earnings expansion in the near- to medium-term. Over the long term, we think BBWI could rebound and this is a main reason our rating is not Sell."
Related Content
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
Stock Market Winners and Losers of the 'Big, Beautiful' Bill
Defense, manufacturing and tech should prosper, while health care and green energy stocks face hurdles.
-
I'm a Financial Planner: Here's How to Invest Like the Wealthy, Even if You Don't Have Millions
Private market investments, once exclusive to the ultra-wealthy and institutions, have become more accessible to individual investors, thanks to regulatory changes and new investment structures.
-
Four Ways a Massive Emergency Fund Can Hurt You More Than It Helps
Saving too much could mean you're missing opportunities to put your money to work. Redirect some of that money toward paying off debt, building retirement funds, fulfilling a dream or investing in higher-growth options.
-
With Buffett Retiring, Should You Invest in a Berkshire Copycat?
Warren Buffett will step down at the end of this year. Should you explore one of a handful of Berkshire Hathaway clones or copycat funds?
-
I'm a Financial Planner: How to Dodge a Retirement Danger You May Not Have Heard About
Timing is everything, and sequence of returns risk can mean the difference between a retirement nest egg that's overflowing … or empty.
-
Caring for Aging Parents: An Expert Guide to Easing the Financial and Emotional Strain
Early conversations, financial planning and understanding the progression of care needs can help to mitigate stress and protect family relationships.
-
Dow Adds 238 Points as UNH, CAT Pop: Stock Market Today
The lack of a September jobs report didn't seem to worry market participants, with the data delayed due to the ongoing government shutdown.
-
I'm a Financial Adviser: The OBBB Is a Reminder for Older People to Have a Long-Term Plan
The new tax bill presents a good opportunity for retirees to revisit tax plans, look into doing some Roth conversions and consider plans for long-term care.