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.
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