Bath & Body Works Inc. stock BBWI fell 1.7% in premarket trade Thursday, after the retailer blew past earnings estimates for the fourth quarter, but offered guidance that was well below consensus. “The company’s forecast takes into consideration ongoing macroeconomic uncertainty and assumes a continuation of fourth quarter 2022 sales trends for the first half of fiscal 2023,” the company said in a statement.
28 a share, in the year-earlier period. Adjusted per-share earnings came to $2.30, well ahead of the $1.62 FactSet consensus. Sales fell 5% to $2.889 billion, but were also ahead of the $2.807 billion FactSet consensus. Chief Executive Gina Boswell said customers responded well to the company’s holiday season assortment, boosted by a loyalty program that now counts more than 33 million members.
It’s almost like you intentionally added the “bed” in front to make it sound like another certain stock….hmmm FUD?
Never heard of Bed Bath & Body works