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The personal care retailer beat second-quarter sales and earnings guidance but projected a sharper revenue decline for the third quarter
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Bath & Body Works $BBWI raised its full-year adjusted earnings forecast on Wednesday after second-quarter results topped guidance, but the company's outlook for the current quarter fell short of analyst expectations, pushing its shares roughly 4% lower in premarket trading.
The Columbus, Ohio-based company now expects full-year 2026 adjusted earnings per diluted share of $2.60 to $2.80, up from a prior forecast of $2.40 to $2.65. For the third quarter, Bath & Body Works projected a net sales decline of between 2.5% and 5%, compared with analyst expectations of a 2.9% drop, according to Reuters. Third-quarter adjusted earnings per share are forecast at 7 to 12 cents, against an analyst consensus of 26 cents.
