Bath & Body Works Inc. (BBWI) PT Lowered to $60 at Telsey
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Go back to Bath & Body Works Inc. (BBWI) PT Lowered to $60 at Telsey
May 20, 2022 8:01 AM EDT
Jefferies analyst Stephanie Wissink lowered the price target on Bath & Body Works Inc. (NYSE: BBWI) to $75.00 (from $85.00) while maintaining a Buy rating following earnings.
The analyst commented, "Q1 results were a solid start to the year with demand holding up remarkably well. Offsetting,... More
May 19, 2022 8:05 AM EDT
Shares of Bath & Body Works (NYSE: BBWI) are down more than 6% in premarket trading after the company slashed its FY 2023 EPS forecast.
BBWI reported Q1 adjusted EPS from continuing operations of 64c. Net sales came in at $1.45 billion, just above the estimated $1.44 billion.
BBWI direct sales stood at $317.5 million, down 9.1% YoY and below the consensus estimates of $347.8 million. Interest expense stood at $89.4 million, compared to the analyst expectations of $88.7 million. The company reported an ending store... More
