Bath & Body Works (BBWI) shares slide after guidance disappoints

Piper Sandler Positive on Bath & Body Works Inc. (BBWI): 'we continue to view risk/reward as favorable'

Piper Sandler analyst Korinne Wolfmeyer reiterated an Overweight rating and $52.00 price target on Bath & Body Works Inc. (NYSE: BBWI).

The analyst comments "We continue to rate BBWI OW and reiterate our $52 PT following the Q4 earnings call this morning. Results were better than... More

Dow futures rise 85 pts; bullish Nvidia guidance boosts sentiment

By Peter Nurse

Investing.com -- U.S. stocks are seen opening higher Thursday, helped by positive earnings from chip giant Nvidia (NASDAQ: NVDA) ahead of the release of the latest reading of fourth-quarter growth.

At 07:00 ET (12:00 GMT), the Dow futures contract was up 85 points, or 0.3%, S&P 500 futures traded 20 points, or 0.5% higher, and Nasdaq 100 futures climbed 105 points, or 0.9%.

The major averages had a mixed close Wednesday as investors digested the minutes from the Federal Reserve policy-setting meeting earlier this month, seeking to determine the likely extent of future... More

Dan Loeb's Third Point launches proxy fight at Bath & Body Works (BBWI)

Activist investor Third Point LLC confirmed that it is launching a proxy fight against Bath & Body Works (NASDAQ: BBWI). The Wall Street Journal was the first to report on Third Points intentions.

The hedge fund, founded by billionaire Dan Loeb, believes the company offers excessive executive pay. It highlighted that BBWI paid interim Chief Executive Sarah Nash roughly $18 million for less than a years worth of work.

Bath & Body Works appointed Gina Boswell as the new... More

Bath & Body Works, Inc. (BBWI) Tops Q4 EPS by 26c; Guides FY24 Below Views

Bath & Body Works, Inc. (NYSE: BBWI) reported Q4 EPS of $1.86, $0.26 better than the analyst estimate of $1.60. Revenue for the quarter came in at $2.89 billion versus the consensus estimate of $2.8 billion.

GUIDANCE:

Bath & Body Works, Inc. sees Q1 2024 EPS of... More

Bath & Body Works (BBWI) Reports Q4 Revenue of $2.89B, EPS of $2.30

Bath & Body Works, Inc. (NYSE: BBWI) today reported fourth quarter and full-year 2022 results.

Gina Boswell, CEO of Bath & Body Works, commented, The team delivered better-than-expected earnings results despite a challenging macroeconomic environment, which is a testament to the strengths of this organization. Our customer base responded well to our holiday season, in part powered by our loyalty program, which now exceeds 33 million members. In addition, we continued to be disciplined in our expense and inventory management.

I am honored to lead this organization and I see a tremendous opportunity to strengthen our... More