Bath and Body Works (BBWI) Stock Trades Down, Here Is Why
Shares of personal care and home fragrance retailer Bath & Body Works (NYSE:BBWI) fell 12.8% in the afternoon session after the company reported weak fourth-quarter results: Sales declined 4.3% year-on-year, partly due to a calendar shift. Looking ahead, the company expects full-year revenue to grow modestly by 1% to 3%, with EPS projected to decline compared to the prior year. Meanwhile, Bath & Body Works exceeded analysts' EBITDA expectations this quarter, and its gross margin slightly outperf