What Caught Our Attention in the Investment World? – Week of November 14-18, 2022

By Kuldip K. Ambastha

On Thursday, November 17, 2022, the stock price of Bath & Body Works, Inc. (BBWI), a prominent specialty retail company, rose by +25.2% per share. This rise in the stock price was driven by strong 3Q2022 quarterly performance results, with earnings surpassing the expected consensus estimate. Furthermore, Bath & Body Works, Inc. has raised its calendar year profit expectations. Corporate management is expecting a strong winter holiday gift purchasing period coming up. Also, Wall Street equity research analysts were impressed with the company’s expense management and inventory management endeavors.

Keywords – Bath & Body Works, Inc., Bath & Body Works, Bath & Body, BBWI, specialty retail, 3Q2022 quarter, calendar year, winter holiday, Wall Street, equity research, expense management, inventory management.

Disclosure – The principals and clients of Ambastha Financial LLC have no positions in BBWI.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.




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