Bath & Body Works, Inc. (NYSE:BBWI) stock surged on Wednesday after the retailer reported first-quarter results above guidance and analyst estimates while reaffirming its full-year outlook.

Adjusted first-quarter EPS came in at 32 cents, topping the 29-cent consensus estimate, while revenue of $1.378 billion beat expectations of $1.362 billion. Net sales fell 3% year over year.

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• Bath & Body Works shares are powering higher. Why is BBWI stock up today?

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